Asked by Parwat Bhattarai on Sep 24, 2024
Verified
If the Canadian dollar depreciates,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
Canadian Dollar Depreciates
A decrease in the value of the Canadian dollar relative to another currency.
Canadian Imports
pertains to goods and services brought into Canada from other countries, contributing to the country’s supply of products available for consumption and use.
Canadian Customers
Individuals or entities in Canada who purchase goods or services, reflecting the consumer market in that geographical area.
- Identify the consequences of currency depreciation on the cost of imports for domestic consumers.
Verified Answer
Learning Objectives
- Identify the consequences of currency depreciation on the cost of imports for domestic consumers.
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