Question
The U.S. exchange rate changes from $1.20 Canadian to $1.25 Canadian. Did the U.S. dollar appreciate or depreciate? Did the Canadian dollar appreciate or depreciate?
The U.S. exchange rate changes from $1.20 Canadian to $1.25 Canadian.
Did the U.S. dollar appreciate or depreciate? Did the Canadian dollar appreciate or depreciate?
Question content area bottom
Part 1
The U.S. dollar _______ and the Canadian dollar _______.
A.
appreciated; devalued
B.
appreciated; depreciated
C.
devalued; appreciated
D.
depreciated; appreciated
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Business A Changing World
Authors: O. C. Ferrell, Geoffrey Hirt, Linda Ferrell
10th edition
1259179397, 978-1259179396
