The Figure Given Below Depicts the Foreign Exchange Market for British

question 112

Multiple Choice

The figure given below depicts the foreign exchange market for British pounds traded for U.S. dollars.Figure 22.2

-When the exchange rate moves from $1 = CAD1.5 to $1 = CAD1.66, it implies:

• A)the U.S. dollar has depreciated in relation to the Canadian dollar.
• B)U.S. imports of Canadian goods will rise.
• C)the dollar price of the Canadian dollar has risen.
• D)the Canadian dollar has appreciated in relation to the U.S. dollar.
• E)Canadian imports of U.S. goods will rise.

---

Definitions:

Attitude Polarization

The phenomenon where a disagreement becomes more extreme as the differing parties continue to consider more information in support of their respective opinions.

Academically Relevant

Pertaining to or having significance in scholarly education or academic pursuits.

Instrumental Learning

a learning process wherein behavior is modified through reinforcement or punishment in order to achieve a specific goal or outcome.

Social Learning

The acquisition of behaviors, attitudes, or skills through observation and imitation of others within a social context.