Question: 1 . On June 5 , 2 0 X 1 , the exchange rate between the Canadian dollar ( $ ) and the British pound
On June X the exchange rate between the Canadian dollar $ and the British pound was
$ One month later, July X the same exchange rate was quoted at $ From this we can conclude that:
over the month, the British pound has gained value against the Canadian dollar.
on July X one Canadian dollar was worth more than British pounds.
on July X one Canadian dollar was worth less than British pounds.
on June X one Canadian dollar was worth British pounds.
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