Suppose Canada's exchange rate with the U.S. dollar falls from 1.21 to 1.13. This fall indicates a(n) of the Canadian dollar, which means it takes Canadian dollars to purchase one
U.S. dollar.
A)appreciation; fewer
B)depreciation; more
C)depreciation; fewer
D)appreciation; more

Question

Quizplus · Accepted Answer

The exchange rate falling from 1.21 to 1.13 indicates an appreciation of the Canadian dollar, meaning it takes fewer Canadian dollars to purchase one U.S. dollar.

Suppose Canada's Exchange Rate with the U