Question
The U.S. dollar exchange rate increased from $1.24 Canadian in June 2015 to $1.29 Canadian in June 2016 , and it decreased from 121 Japanese
The U.S. dollar exchange rate increased from
$1.24
Canadian in
June 2015
to
$1.29
Canadian in
June 2016
,
and it decreased from
121
Japanese yen
in
June 2015
to
108
Japanese yen
in
June 2016
.
What was the value of the Canadian dollar in terms of U.S. dollars in
June 2015
and
June 2016
?
Did the Canadian dollar appreciate or depreciate against the U.S. dollar over the year
June 2015
to
June 2016
?
In
June 2015
,
the value of the Canadian dollar was
$nothing
U.S.
In
June 2016
,
the value of the Canadian dollar was
$nothing
U.S.
>>> Answer to 2 decimal places.
The Canadian dollar
appreciated
depreciated
against the U.S. dollar between
June 2015
and
June 2016
.
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Consumer Behaviour
Authors: Evans, Martin Evans
2nd Edition
0470994657, 9780470994658
