Other things being equal,if the Canadian dollar depreciates,the quantity of foreign exchange demanded will decline because

Question

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When the Canadian dollar depreciates, the Canadian-dollar price of foreign goods will rise, which means that Canadians will have to pay more Canadian dollars to buy the same amount of foreign goods. This will lead to a decline in the quantity of foreign exchange demanded, as Canadians will need less foreign exchange to buy these more expensive foreign goods.

Other Things Being Equal,if the Canadian Dollar Depreciates,the Quantity of Foreign