Suppose that in Canada we experience a rise in the Canadian dollar price of foreign exchange.In this circumstance,the dollar will have ________ and the exchange rate will have ________.

Question

Quizplus · Accepted Answer

When the Canadian dollar price of foreign exchange rises, it means that more Canadian dollars are needed to purchase a unit of foreign currency, indicating that the Canadian dollar has depreciated. Consequently, the exchange rate, which reflects the value of the Canadian dollar relative to foreign currencies, will have risen.

Suppose That in Canada We Experience a Rise in the Canadian