If Canada is said to have a balance of payments deficit,this means that OA.the Bank of Canada decreased its reserves of foreign exchange B.theBank of Canada purchased some ofthe gold that it uses to back the Canadian dollar c.theBank of Canada used Canadian dollars to buy foreign exchange on the foreign exchange markets. O D. the Bank of Canada issued foreign exchange
If Canada is said to have a balance of payments deficit,this means that OA.the Bank of Canada decreased its reserves of foreign exchange B.theBank of Canada purchased some ofthe gold that it uses to back the Canadian dollar c.theBank of Canada used Canadian dollars to buy foreign exchange on the foreign exchange markets. O D. the Bank of Canada issued foreign exchange
Brief Principles of Macroeconomics (MindTap Course List)
8th Edition
ISBN:9781337091985
Author:N. Gregory Mankiw
Publisher:N. Gregory Mankiw
Chapter13: Open-economy Macroeconomics: Basic Concepts
Section: Chapter Questions
Problem 8PA
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If Canada is said to have a balance of payments deficit,this means that
OA.the Bank of Canada decreased its reserves of foreign exchange
B.theBank of Canada purchased some ofthe gold that it uses to back the Canadian dollar
c.theBank of Canada used Canadian dollars to buy foreign exchange on the foreign exchange markets. O D. the Bank of Canada issued foreign exchange
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