Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

A Canadian travelling to the united states $100 Canadian into 80 U.s dollars. One month later he dies the same thing and recieves only 75

A Canadian travelling to the united states $100 Canadian into 80 U.s dollars. One month later he dies the same thing and recieves only 75 US dollars. There are no transaction cost. The Canadian US exchange rate has __ and the Canadian dollar has __ relative to the US dollar

image text in transcribed
ECON 1250 - A75 FALL 2020 Quiz: ECON 1250 - A75 Quiz 10 Time Remaining: 01:03:20 Submit Quiz This Question: 1 pt 7 of 10 (1 complete) This Quiz: 10 pts possible A Canadian traveling to the United States converts $100 Canadian into 80 US dollars One month later he does the same thing and receives only 75 US dollars There are no transactions costs The Canadian-U.S. exchange rate has and the Canadian dollar has relative to the US dollar A. fallen, depreciated O B. increased, depreciated O C. fallen, appreciated O D. not changed. remained stationary O E. increased, appreciated Click to select your answer 10:55 PM 9 A DENG 2020-12-04

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Human Resources In The Urban Economy

Authors: Mark Perlman

1st Edition

1317332474, 9781317332473

More Books

Students also viewed these Economics questions

Question

3. To retrieve information from memory.

Answered: 1 week ago

Question

2. Value-oriented information and

Answered: 1 week ago

Question

1. Empirical or factual information,

Answered: 1 week ago