Under a system of floating exchange rates, which of the following conditions would tend to cause the Canadian dollar to appreciate in value against the U.S. dollar?

Select one:

A. Canadian banks offer lower rates of interest than U.S. banks.

B. The rate of inflation in Canada is lower than in the U.S.

C. There is a rising demand for U.S. goods on the part of Canadian consumers.

D. Canadians perceive that the U.S. is about to experience higher economic growth.