b. Suppose interest rates in Japan increase more than interest rates in Canada. Briefly explain what will happen to the Canadian dollar against the Japanese yen. Will the CAD appreciate or appreciate?

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b. Suppose interest rates in Japan increase more than interest rates in
Canada. Briefly explain what will happen to the Canadian dollar against the
Japanese yen. Will the CAD appreciate or appreciate?
Transcribed Image Text:b. Suppose interest rates in Japan increase more than interest rates in Canada. Briefly explain what will happen to the Canadian dollar against the Japanese yen. Will the CAD appreciate or appreciate?
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