The following exchange rates existed between the U.S. dollar and the Canadian dollar at a given point in time:
-Refer to the information above. Based on this information, it appears the markets were expecting

Question

The following exchange rates existed between the U.S. dollar and the Canadian dollar at a given point in time: 
-Refer to the information above. Based on this information, it appears the markets were expecting

Quizplus · Accepted Answer

Both A and C are correct because if markets expect the U.S. dollar to appreciate, it implies that they also expect the Canadian dollar to depreciate relative to the U.S. dollar, making both statements essentially the same expectation from different perspectives.

The Following Exchange Rates Existed Between the U