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For Canada, the Term "Exchange Rate", as Used by Most

Question 85

Multiple Choice

For Canada, the term "exchange rate", as used by most economists, refers to


A) Canadian exports minus imports.
B) dividends from foreign sources minus interest paid by residents to non- residents.
C) the price of foreign currency in terms of Canadian dollars.
D) the price at which purchases and sales of foreign goods take place in Canada.
E) the ratio of Canadian exports to imports.

Correct Answer:

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