Question: In the homework exercise done in this course, we have seen that, other things being equal, the positive trade balance of Canada with USA: has

In the homework exercise done in this course, we have seen that, other things being equal, the positive trade balance of Canada with USA:
has No correlation with USD/CAD rate
has Negative correlation with USD/CAD rate
has Positive correlation with USD/CAD rate
cannot be used to draw any conclusions.

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