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Suppose the US dollar is appreciating against the Canadian dollar. Which statement is correct? Canadian exporters benefit from this new exchange rate. It becomes cheaper
Suppose the US dollar is appreciating against the Canadian dollar. Which statement is correct?
- Canadian exporters benefit from this new exchange rate.
- It becomes cheaper to import from the US to Canada.
- There will be more demand for the US products in Canada.
- There won't be any impact on the balance of trade due to this change.
- US importers are disadvantaged due to this change.
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Personal Finance
Authors: E. Thomas Garman, Raymond Forgue
8th Edition
0618471421, 9780618471423
