Yesterday,in the Wall Street Journal,the exchange rate between Canadian and U.S.dollars was $0.7347/C$.Today the rate is $0.7432/C$.From yesterday to today the Canadian dollar ____ and the U.S.dollar ____ relative to one another.

Question

Quizplus · Accepted Answer

The cost of the Canadian dollar increased from yesterday to today.This is shown because it cost more U.S.dollars to buy a Canadian dollar today then it did yesterday.Therefore you can say the Canadian appreciated against the U.S.dollar and the U.S.dollar depreciated against the Canadian dollar.

Yesterday,in the Wall Street Journal,the Exchange Rate Between Canadian and U.S.dollars