If the US dollar apprec against the canadian dollar, & at the same time the British pound depr against the can
adian dollar, then?
a. the US dollar must have apprec against the pound.
b. the US dollar must have deprec against the pound.
c. the US dollar must have remained constant against the pound.
d. there is not enough information to answer this question. I say the answer is d.
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Tagged with: adian • apprec • deprec • dollar • pound
Filed under: Currencies
The answer is A.
Reason:
The USD increased in value over the CAD
The GBP decreased in value against the CAD
Therefore, since the CAD was weak in one instance and strong in the other, it would cancel out. What you are left with is a strong USD and a weak GBP, leaving you with the answer, A.