Every transaction concerning the importation of goods into Canada constitutes a

Question

Quizplus · Accepted Answer

Transactions involving the importation of goods into Canada require Canadians to exchange Canadian dollars for foreign currencies to pay for these imports. This acts as a demand for foreign currencies (since Canadians need them to pay for the imports) and a supply of Canadian dollars (since they are offering Canadian dollars in exchange for the foreign currencies).

Every Transaction Concerning the Importation of Goods into Canada Constitutes