If One USDollar Could Be Exchanged for One Canadian Dollar in 1970,and

question 114

Multiple Choice

If one U.S.dollar could be exchanged for one Canadian dollar in 1970,and one U.S.dollar can now be exchanged for 1.13 Canadian dollars,which of the following is true?

• A)The U.S.dollar lost value against the Canadian dollar.
• B)The Canadian dollar lost value against the U.S.dollar.
• C)The Canadian dollar gained value against the U.S.dollar.
• D)Both A and C are true.

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Definitions:

Hypothetical-Deductive Reasoning

A method of problem-solving that involves forming hypotheses and deducing their implications to see if they match with real-world facts.

Hypothetical-Deductive Reasoning

A method of problem solving or decision making that starts with a hypothetical situation and deduces logical outcomes.

Single-Factor

Pertaining to studies, experiments, or theories that are concerned with only one variable or aspect.

Multi-Factor

Pertains to situations, conditions, or phenomena influenced by multiple factors or variables, often used in contexts analyzing complex traits or outcomes.