Question: 1. Visit the Bank of Canadas website at www.bankofcanada.ca. Click on Statistics and then Exchange Rates. a. What is the Canadian-dollar effective exchange rate index

1. Visit the Bank of Canada’s website at www.bankofcanada.ca.

Click on “Statistics” and then “Exchange Rates.”

a. What is the Canadian-dollar effective exchange rate index

(CERI)?

b. How many foreign currencies are included in the index?

c. Which foreign currency has the highest weight? Which has the lowest?

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