Which of the following statement is true

hich of the following statements is true? Multiple Choice O The effective exchange rate compares the value of the Canadian dollar in terms of the average value of the currencies of all countries with which Canada trades. O The effective exchange rate compares the value of the Canadian dollar in terms of the average growth rates of all countries with which Canada trades. O The effective exchange rate compares the value of the Canadian export prices in terms of the average export prices of all countries with which Canada trades. The effective exchange rate compares the value of the Canadian import prices in terms of the average import prices of all countries with which Canada trades