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QUESTION 6 The value of the Canadian dollar against the U.S. dollar five years ago was CAD 0.99342/USD. Five years later,the exchange rate CAD 1.32135/USD.

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QUESTION 6 The value of the Canadian dollar against the U.S. dollar five years ago was CAD 0.99342/USD. Five years later,the exchange rate CAD 1.32135/USD. How do you describe Canadian dollar's change against the U.S. dollar? O 1. Devaluation O 2. Depreciation O 3. Appreciation O 4. Revaluation

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