Which of the following would result from devaluation of the Canadian dollar?
A) Canadian goods would sell for less abroad.
B) The cost of foreign vacations for Canadian citizens would be reduced.
C) Foreign firms would have to pay more to purchase Canadian assets.
D) Canadian goods would be more expensive for American consumers.

Question

Quizplus · Accepted Answer

Devaluation of the Canadian dollar makes Canadian goods cheaper for foreign buyers, increasing their competitiveness abroad.

Which of the Following Would Result from Devaluation of the Canadian