MCQOPTIONS
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| 1. |
If Canada runs a balance of payments surplus and exchange rates are floating ? |
| A. | the value of other currencies will rise relative to the dollar |
| B. | the dollar will depreciate relative to other currencies |
| C. | the price of foreign goods will become cheaper to Canadians |
| D. | the price of foreign goods will rise for Canadians |
| Answer» D. the price of foreign goods will rise for Canadians | |