The Following Table Contains Hypothetical Data for Canada's Balance of Payments

question 110

Multiple Choice

The following table contains hypothetical data for Canada's balance of payments in a particular year.

-Refer to the information above to answer this question.As a result of international financial transactions summarized in Canada's balance of payments,which of the following is true?

• A)There was an increase in Canada's foreign reserves.
• B)There was a decrease in Canada's foreign reserves.
• C)There was no change in Canada's foreign reserves.
• D)The demand for Canadian dollars exceeded the supply.
• E)The supply of foreign currencies exceeded the demand.

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