Answered: If the Canadian dollar appreciated by…

If the Canadian dollar appreciated by C$0.004 relative to the US dollar, what would be the new value of the Canadian dollar per US dollar? Assume the current exchange rate was US$1 = C$0.9556.

Economics:

10th Edition

ISBN:9781285859460

Author:BOYES, William

Publisher:BOYES, William

Chapter6: An Introduction To The Foreign Exchange Market And The Balance Of Payments

Section: Chapter Questions

Problem 12E

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If the Canadian dollar appreciated by C$0.004 relative to the US dollar, what would be
the new value of the Canadian dollar per US dollar? Assume the current exchange rate
was US$1 = C$0.9556.
$0

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