If the Exchange Rate Changes So That Fewer Canadian Dollars

question 60

Multiple Choice

If the exchange rate changes so that fewer Canadian dollars are needed to buy a British pound sterling,what results?

• A)The pound has appreciated in value.
• B)More dollars will be needed to buy the same quantity of British goods.
• C)Fewer pounds will be needed to buy the same quantity of Canadian goods.
• D)The dollar has depreciated in value.
• E)Fewer dollars will be needed to buy the same quantity of British goods.

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