Exchange rate with the euro rises

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Reference no: EM13735279

Suppose Canada's exchange rate with the euro rises from 1.2 to 1.4. This rise indicates a(n) ________ of the Canadian dollar, which means it takes ________ Canadian dollars to purchase one euro.

a. appreciation; more

b. appreciation; fewer

c. depreciation; more

d. depreciation; fewer

Reference no: EM13735279

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