The figure below shows the U.S.dollar-Canadian dollar nominal exchange rate from January 1971 to March 2008.
-From January 1987 to January 1993,the Canadian dollar __________;by the end of the period,it was worth approximately __________ than at the beginning.
A) appreciated;US$0.20 more
B) appreciated;US$0.20 less
C) depreciated;US$0.20 more
D) depreciated;US$0.20 less
E) appreciated;US$0.10 more
Correct Answer:
Verified
Q17: If the nominal exchange rate is 3.045
Q18: If the nominal exchange rate is 1.235
Q19: A currency appreciation is a(n)
A) increase in
Q20: The rate at which two currencies can
Q21: The figure below shows the U.S.dollar-Canadian dollar
Q23: When the nominal exchange decreases from 0.82
Q24: When the nominal exchange increases from 40.1
Q25: During summer 2002,the nominal exchange rate was
Q26: When the nominal exchange increases from 78
Q27: Other things being equal,a recession in Canada
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