Which Statements Are True? If the Exchange Rate Changes from US$1

question 67

Multiple Choice

Which statements are true? If the exchange rate changes from US$1 = C$1.10 to US$1 = C$0.90, then the:
1) Canadian dollar depreciated against the U.S. dollar.
2) Canadian dollar appreciated against the U.S. dollar.
3) U.S. dollar depreciated against the Canadian dollar.
4) U.S. dollar appreciated against the Canadian dollar.

• A) 1 and 3
• B) 1 and 4
• C) 2 and 3
• D) 2 and 4
• E) 3 only

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Definitions:

Ralph Bunche

An American political scientist and diplomat who played a significant role in the formation and administration of the United Nations, winning the Nobel Peace Prize in 1950.

Myth of the Negro Past

A concept challenging the historical misrepresentation of African-American heritage, asserting the existence of a rich cultural past among Africans before slavery.

Melville Herskovits

An American anthropologist who is known for his work on African and African-American culture, pioneering the study of the African diaspora in the Americas.

African Diaspora

Refers to the communities throughout the world that are descended from the historic movement of peoples from Africa, predominantly to the Americas, Europe, Asia, and the Middle East, through the transatlantic slave trade, migration, and other means.