Price of Canadian Dollar (in $US)	Quantity of Canadian Dollars Demanded ($ billions per year)	Quantity of Canadian Dollars Supplied ($ billions per year)
0.94	30	70
0.93	40	60
0.92	50	50
0.91	60	40
0.90	70	30

c. If the Canadian government sets a target exchange rate of US$0.93, a balance-of-payments of $ billion will be the result. Presuming that the American dollar is the only foreign currency traded with the Canadian dollar, the change in official reserves that would appear in Canada's balance-of-payments accounts is $ billion. For balance-of-payments deficits and surpluses do not enter positive or minus signs. For changes in official reserves do enter a minus sign in front of any negative value responses. d. If instead the Canadian government sets a target exchange rate of US$0.90, a balance-of-payments of $ billion will be the result. Still presuming that the American dollar is the only foreign currency traded with the Canadian dollar, the change in official reserves that would appear in Canada's balance-of-payments accounts is $ billion