Suppose canadas exchange rate with the euro rises from 12, Ask an Expert

Economics

Suppose Canada's exchange rate with the euro rises from 1.2 to 1.4. This rise indicates a(n) ________ of the Canadian dollar, which means it takes ________ Canadian dollars to purchase one euro.

a. appreciation; more

b. appreciation; fewer

c. depreciation; more

d. depreciation; fewer

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Business Economics, Economics

Category:- Business Economics
Reference No.:- M91274640

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