Asked by
Laura Garcia
on Nov 03, 2024Verified
If the value of the Canadian dollar falls relative to the U.S.dollar,Canadian exports to the United States should increase.
Canadian Dollar
The currency of Canada, represented by the symbol CAD or simply $ within Canada.
U.S. Dollar
The official currency of the United States, often used as a standard unit of currency in international markets due to its widespread acceptance.
Canadian Exports
Canadian exports refer to goods or services that are produced in Canada and sold to buyers in other countries.
- Understand the impact of currency valuation on international trade and investments.
Verified Answer
SZ
Learning Objectives
- Understand the impact of currency valuation on international trade and investments.