A depreciation of the Canadian dollar implies ________ in the value of the dollar relative to other currencies,such that ________.

Question

Quizplus · Accepted Answer

A depreciation of the Canadian dollar means that the value of the dollar relative to other currencies has fallen, which implies that more dollars are required to buy foreign currency. This means that the Canadian dollar has weakened compared to other currencies, making imported goods more expensive and reducing the purchasing power of Canadians when travelling abroad.

A Depreciation of the Canadian Dollar Implies ________ in the Value