A rise in the Canadian-dollar price of foreign currency is referred to as

Question

Quizplus · Accepted Answer

A rise in the Canadian-dollar price of foreign currency means that more Canadian dollars are needed to buy a unit of foreign currency, which indicates a depreciation of the Canadian dollar, not an appreciation. Choices A, B, C, and D describe scenarios where the Canadian dollar is gaining value, which is the opposite of what happens when there's a rise in the Canadian-dollar price of foreign currency.

A Rise in the Canadian-Dollar Price of Foreign Currency Is