Currencies and Exchange Rates Answers

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What is a currency exchange rate?

A
the money returned when a person overpays
B
the amount of a currency needed to account for a rise in inflation
C
the value of one currency in relation to another
D
a series of currency fluctuations over a period of time
2
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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

A
how the price of exports will increase
B
how the price of imports will decrease
C
how neighboring countries may be less willing to buy exports
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Answers:
In October 2012, one US dollar could buy about Canadian dollars.The exchange rate remained unchanged from .The US dollar grew stronger against the Canadian dollar from .:0.98
In October 2012, one US dollar could buy about Canadian dollars.The exchange rate remained unchanged from .The US dollar grew stronger against the Canadian dollar from .:Dec. 2012 to Jan. 2013
In October 2012, one US dollar could buy about Canadian dollars.The exchange rate remained unchanged from .The US dollar grew stronger against the Canadian dollar from .:Jan. 2013 to Mar. 2013
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Oct. 2012 to Jan. 2013✔ Dec. 2012 to Jan. 2013 Jan. 2013 to Mar. 2013

A
Oct. 2012 to Jan. 2013
B
Dec. 2012 to Jan. 2013
C
X Jan. 2013 to Mar. 2013
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Oct. 2012 to Jan. 2013 Dec. 2012 to Jan. 2013✔ Jan. 2013 to Mar. 2013

A
Oct. 2012 to Jan. 2013
B
Dec. 2012 to Jan. 2013
C
Jan. 2013 to Mar. 2013

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