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Suppose the US dollar is appreciating against the Canadian dollar. Which statement is correct? Multiple Choice There wont be any impact on the balance of

Suppose the US dollar is appreciating against the Canadian dollar. Which statement is correct?

Multiple Choice

There wont be any impact on the balance of trade due to this change.

There will be more demand for the US products in Canada.

Canadian exporters benefit from this new exchange rate.

It becomes cheaper to import from the US to Canada.

US importers are disadvantaged due to this change.

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