Q
If Canada runs a balance of payments surplus and exchange rates are floating ?
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A
A. The value of other currencies will rise relative to the dollar
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B
B. The dollar will depreciate relative to other currencies
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C
C. The price of foreign goods will become cheaper to canadians
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D
D. The price of foreign goods will rise for canadians
Correct Answer:
C. C. The price of foreign goods will become cheaper to canadians
