-Refer to the Graph Above to Answer This Question

question 61

Multiple Choice

-Refer to the graph above to answer this question.Assume that the demand for the U.S.dollar was to shift from D1 to D2 and that exchange rates were flexible.What would result?

• A)The value of the U.S.dollar in Canadian terms would increase to OC.
• B)A problem of rationing a shortage of U.S.dollars would arise in Canada.
• C)The value of the Canadian dollar in U.S.terms would rise from 1/OB U.S.dollars equals Can $1,to 1/OA U.S.dollars equals Can $1.
• D)The demand for the Canadian dollar would fall by a similar amount.

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Definitions:

Bankruptcy Petition

A legal document filed by an individual or business entity declaring their inability to pay outstanding debts, seeking relief through bankruptcy proceedings.

Court Order

A formal directive issued by a court that requires a party to do or refrain from doing something; it's legally binding and enforceable.

Conceals Property

Intentionally hiding or covering up property to obstruct its proper use, retrieval, or discovery, often for deceitful or unlawful purposes.

Dischargeable

Pertaining to debts that can be eliminated through bankruptcy proceedings, releasing the debtor from liability.