Currencies and Exchange Rates Answers

Which arguments did you include in your answer? Check all that apply.The most favorable exchange rates for an American were in March 2013.A US dollar could purchase the most Canadian dollars in March 2013.March 2013 would have been the best time to purchase the machinery.

Sample Response: If a country experiences a rise in value, it will trade at a higher exchange rate. This rise in value will cause the prices of exports to increase, so other countries may be less willing to buy these goods. At the same time, the rise in value will make it easier and cheaper to import goods. Which factors did you discuss in your answer? Check all that apply.how the price of exports will increasehow the price of imports will decreasehow neighboring countries may be less willing to