An appreciation of the Canadian dollar implies
A) is shown only by changes in the official reserves of the Bank of Canada and does not influence the exchange rate.
B) a rise in the external value of the dollar, such that fewer dollars are required to purchase foreign currency.
C) a fall in the external value of the dollar, such that more dollars are required to buy foreign currency.
D) a rise in the external value of the dollar, such that more dollars are required to purchase foreign currency.
E) a fall in the external value of the dollar, such that fewer dollars are required to purchase foreign currency.
Correct Answer:
Verified
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