Year 2014 2015 2016 US $ 1$ 1$ 1$ Canada $ $1.25 $1.35 $1.45         Based on the Exchange rates above, Which of the following is true? A)Fewer Canadian $ are needed to buy a US$ B)The Canadian $1 is more expensive and is appreciating  C)The $1 is more expensive and is appreciating  D)The dollar has lost value

Economics:
10th Edition
ISBN:9781285859460
Author:BOYES, William
Publisher:BOYES, William
Chapter36: Exchange Rates And Financial Links Between Countries
Section: Chapter Questions
Problem 12E
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Year 2014 2015 2016
US $ 1$ 1$ 1$
Canada $ $1.25 $1.35 $1.45
       

Based on the Exchange rates above, Which of the following is true?

A)Fewer Canadian $ are needed to buy a US$

B)The Canadian $1 is more expensive and is appreciating 
C)The $1 is more expensive and is appreciating 
D)The dollar has lost value

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