If the Canadian dollar price of United States dollars increases from C$0.80 to C$1.00, it can be concluded that
A) both countries are on the international gold standard.
B) the Canadian dollar has appreciated in value relative to the United States dollar.
C) the United States dollar has depreciated in value relative to the Canadian dollar.
D) the Canadian dollar has depreciated in value relative to the United States dollar.
Correct Answer:
Verified
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Q187: Q188: If a European importer can buy $10,000 Q189: All else being equal, an increased demand Q190: In equilibrium, if $1 = 0.5 pound Q191:
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