Which of the following statements is false regarding the exchange rate? a) The value of the Canadian dollar has a direct effect on exports and imports. b) Over the long term, fluctuations in the Canadian dollar have negligible effects on returns. c) When the value of the Canadian dollar increases, the demand for Canadian dollars also increases. d) When the Canadian dollar appreciates against the currency of a security, for a person investing abroad, the investment held will be worth less when converted in Canadian dollars