Question: please help! In 2020, the exchange rate between the U.S. dollar and the Canadian dollar was 1 USD = CAD $1.39; in 2021, the rate
In 2020, the exchange rate between the U.S. dollar and the Canadian dollar was 1 USD = CAD $1.39; in 2021, the rate was 1 USD CAD $1.25. Between 2020 and 2021, the dollar depreciated in value relative to the CAD. O cannot be determined the currency levels were stable dollar appreciated in value relative to the CAD
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