Macroeconomics Study Set 48
Quiz 18: International Macroeconomics
The Canadian Dollar Is a Floating Currency
The Canadian dollar is a floating currency. If the exchange rate for the Canadian dollar changes from US$0.95 to US$0.98, the Canadian dollar has appreciated.
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A devaluation will make exports less expensive and imports more expensive.
A revaluation will make exports less expensive and imports more expensive.
After a devaluation, all other things equal, probably exports will increase and imports will decrease.
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