If the Canadian Dollar Appreciates in Value Against the Mexican

question 56

Multiple Choice

If the Canadian dollar appreciates in value against the Mexican peso,what happens to the value of the Mexican peso against the dollar?

• A)It appreciates.
• B)It depreciates.
• C)It might appreciate or depreciate.
• D)It remains unchanged.

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Definitions:

Personal Services

Services provided by individuals based on their unique skills or talents, often involving physical or mental efforts rather than producing goods.

Delegatee

A third party who is not part of the original contract but to whom duties to perform are transferred by one of the contracting parties (a delegator).

First-Assignment-In-Time Rule

A rule which states that the first party granted an assignment is the party correctly entitled to the contractual right.

English Rule

A rule which states that the first assignee to give notice of assignment to the obligor is the party with rights to the contract.