Question: If the equilibrium exchange rate changes so that more British pounds are required to buy a Canadian dollar, then: Multiple Choice fewer Canadian goods and

If the equilibrium exchange rate changes so that more British pounds are required to buy a Canadian dollar, then:

Multiple Choice

  • fewer Canadian goods and services will be demanded by the British
  • the Canadian interest rate necessarily rises
  • Canadians will buy fewer British goods and services
  • the pound has appreciated in value
  • the dollar has depreciated in value

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