The Canadian dollar depreciated significantly against the U.S. dollar in 2008- 2009. This depreciation was largely explained by
A) an increase in raw materials prices.
B) expansionary monetary policy.
C) a weakening of the U.S. dollar against major Asian currencies.
D) a decrease in world commodity prices.
E) lower inflation in Canada than in the United States.
Correct Answer:
Verified
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A)2 only
B)1
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