Asked by Dacanay Paula on Sep 24, 2024
Verified
If the Canadian dollar appreciates,holding other things constant,it makes Canadian imports
A) More expensive for Canadian customers
B) Less expensive for Canadian customers
C) Neither more or less expensive for importers
D) None of the above
Appreciates
Increases in value or worth, often used in the context of financial investments or property.
- Evaluate the effects of fluctuations in currency values on pricing structures and the appeal of importing and exporting goods.
Verified Answer
SS
Shahmeer Sumro2 days ago
Final Answer :
B
Explanation :
When the Canadian dollar appreciates, it gains value relative to other currencies. This means Canadians can buy more foreign goods for the same amount of their currency, making imports less expensive for Canadian customers.
Learning Objectives
- Evaluate the effects of fluctuations in currency values on pricing structures and the appeal of importing and exporting goods.
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