If the equilibrium exchange rate changes so that more British pounds are required to buy a Canadian dollar,then:
A)Canadians will buy fewer British goods and services
B)the pound has appreciated in value
C)fewer Canadian goods and services will be demanded by the British
D)the dollar has depreciated in value
E)the Canadian interest rate necessarily rises

Question

Quizplus · Accepted Answer

The Answer of If the equilibrium exchange rate changes so that more British pounds are required to buy a Canadian dollar,then:
A)Canadians will buy fewer British goods and services
B)the pound has appreciated in value
C)fewer Canadian goods and services will be demanded by the British
D)the dollar has depreciated in value
E)the Canadian interest rate necessarily rises

If the Equilibrium Exchange Rate Changes So That More British