https://www.bankofcanada.ca/rates/exchange/annual-average-exchange-rates/ Q1. Check the Bank of Canada's webpage on exchange rates (https://www.bankofcanada.ca/rates/exchange/annual-average-exchange- rates/). What are the Canadian

https://www.bankofcanada.ca/rates/exchange/annual-average-exchange-rates/

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Q1. Check the Bank of Canada's webpage on exchange rates (https://www.bankofcanada.ca/rates/exchange/annual-average-exchange- rates/). What are the Canadian exchange rates with respect to the US dollar, UK pound, European Euro, Chinese Yuan, and Turkish Lira in 2021? Has Canadian dollar appreciated or depreciated with respect to those currencies in 2021 compared to 2017? [You may download the data in CSV format to get the exchange rates information since 2017.] Q2. The table gives some information about Canada's international transactions in 2013. Item Billions of dollars Imports of goods and services 598 Net foreign investment in Canada 65 Exports of goods and services 566 Net interest income Net transfers 26 -2 Statistical discrepancy 0 1. Calculate the balance on the three balance of payments accounts (Current Account, Capital Account, Official Settlement Account). 2. Was Canada a net borrower or a net lender in 2013? Explain your answer. Q3. Canada produces natural resources (coal, natural gas, and others), the demand for which has increased rapidly as China and other emerging economies expand. Using the foreign exchange market graph, show how growth in the demand for Canada's natural resources would affect the value of the Canadian dollar. Q1. Check the Bank of Canada's webpage on exchange rates (https://www.bankofcanada.ca/rates/exchange/annual-average-exchange- rates/). What are the Canadian exchange rates with respect to the US dollar, UK pound, European Euro, Chinese Yuan, and Turkish Lira in 2021? Has Canadian dollar appreciated or depreciated with respect to those currencies in 2021 compared to 2017? [You may download the data in CSV format to get the exchange rates information since 2017.] Q2. The table gives some information about Canada's international transactions in 2013. Item Billions of dollars Imports of goods and services 598 Net foreign investment in Canada 65 Exports of goods and services 566 Net interest income Net transfers 26 -2 Statistical discrepancy 0 1. Calculate the balance on the three balance of payments accounts (Current Account, Capital Account, Official Settlement Account). 2. Was Canada a net borrower or a net lender in 2013? Explain your answer. Q3. Canada produces natural resources (coal, natural gas, and others), the demand for which has increased rapidly as China and other emerging economies expand. Using the foreign exchange market graph, show how growth in the demand for Canada's natural resources would affect the value of the Canadian dollar.