Asked by Parwat Bhattarai on Sep 24, 2024

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​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.
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Sazeeta Bazracharya5 days ago
Final Answer :
A
Explanation :
When the Canadian dollar depreciates, it means that it takes more Canadian dollars to buy goods priced in foreign currencies, making imports more expensive for Canadian customers.