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The Canadian Dollar Is a Floating Currency

Question 391
True False

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.

Related questions
Q 392
A devaluation will make exports less expensive and imports more expensive.
Q 393
A revaluation will make exports less expensive and imports more expensive.
Q 394
After a devaluation, all other things equal, probably exports will increase and imports will decrease.
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