Suppose canadas exchange rate with the euro rises from 12


Suppose Canada's exchange rate with the euro rises from 1.2 to 1.4. This rise indicates a(n) ________ of the Canadian dollar, which means it takes ________ Canadian dollars to purchase one euro.

a. appreciation; more

b. appreciation; fewer

c. depreciation; more

d. depreciation; fewer

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Business Economics: Suppose canadas exchange rate with the euro rises from 12
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