Ask Question
BusinessBusiness
17 June, 23:16

If the Canadian dollar is strengthening, then:

(A) it has been unpegged from other currencies.

(B) Canada has adopted a hard peg policy.

(C) Canada has purchasing power parity.

(D) it has appreciated in terms of other currencies.

+4
Answers (1)
  1. 18 June, 01:18
    0
    The correct answer is (D) it has appreciated in terms of other currencies.

    Explanation:

    Currency appreciation is the increase in the value of a country's currency with respect to one or more foreign reference currencies, which normally occurs in a floating exchange system.

    The reasons that can make a currency or currency appreciate are diverse and usually related to a high demand for it. For example, the consideration of a currency as a low risk of depreciation or a very high level of exports of a country (the demand for the currency to pay for exports will increase) are causes that give rise to the appreciation of a currency.
Know the Answer?
Not Sure About the Answer?
Get an answer to your question ✅ “If the Canadian dollar is strengthening, then: (A) it has been unpegged from other currencies. (B) Canada has adopted a hard peg policy. ...” in 📙 Business if there is no answer or all answers are wrong, use a search bar and try to find the answer among similar questions.
Search for Other Answers
You Might be Interested in
A truck acquired at a cost of $405,000 has an estimated residual value of $24,450, has an estimated useful life of 43,000 miles, and was driven 3,400 miles during the year. Determine the following.
Answers (1)
One of your coworkers frequently complains about problems she's having with a customer. you decide to: a. tell her what you believe she is doing wrong. b. empathize with her and explain that some customers just cannot be happy. c.
Answers (1)
Inventory records for Marvin Company reveal the following: Date Transaction Number of Units Unit Cost Mar 1 Beginning Inventory 1,000 $7.20 Mar 10 Purchase 600 $7.25 Mar 16 Purchase 800 $7.30 Mar 23 Purchase 600 $7.
Answers (1)
Nu-Tek has preferred stock outstanding that pays a cumulative $1.50 dividend per quarter. This company has not paid any of its dividends for the past two quarters.
Answers (1)
Duane is attempting to determine consumers' attitudes toward his restaurant by asking them their beliefs about how his restaurant performs on several attributes, such as price, ambience, quality of the food, and friendliness of service.
Answers (1)
New Questions in Business
Temporary disability: Is the state that exists when it is probable that an injured worker, who is currently unable to work, will be able to resume gainful employment with no or only partial disability?
Answers (2)
Waterway Industries purchased equipment in 2019 at a cost of $906000. Two years later it became apparent to Waterway Industries that this equipment had suffered an impairment of value.
Answers (1)
Cubie Corporation has provided the following data concerning its only product: Selling price $ 105 per unit Current sales 12,300 units Break-even sales 8,610 units What is the margin of safety in dollars
Answers (1)
If monetary policy is being used to increase the money supply, what do we call this?
Answers (1)
2. Matthew bakes apple pies that he sells at the local farmer's market. If the price of apples increases, the a. supply curve for Matthew's pies will increase. b. supply curve for Matthew's pies will decrease. c.
Answers (1)
Home » Business » If the Canadian dollar is strengthening, then: (A) it has been unpegged from other currencies. (B) Canada has adopted a hard peg policy. (C) Canada has purchasing power parity. (D) it has appreciated in terms of other currencies.
Sign Up Forgot Password?