Homework answers / question archive / Canadian dollar-British pound exchange rate was given by C$1

Canadian dollar-British pound exchange rate was given by C$1

Economics

Share With

Canadian dollar-British pound exchange rate was given by C$1.66 = £1. Today, it is C$1.71 = £1. Based on that, we can say that the Canadian dollar and the British pound a. Appreciated; appreciated. O b. Appreciated; depreciated. O c. Depreciated; depreciated. d. Depreciated; appreciated.
Last year the Canadian dollar-British pound exchange rate was given by C$1.66 = £1. Today, it is C$1.71 = £1. Based on that, we can say that the Canadian dollar and the British pound a. Appreciated; appreciated. O b. Appreciated; depreciated. O c. Depreciated; depreciated. d. Depreciated; appreciated.
Which of the following statement is correct? O a. The absence of a legal minimum required reserve ratio makes bank runs and bank panics more likely. b. Setting a required reserve ratio is a very precise tool for controlling the monetary base. c. Canada does have a legal minimum required reserve ratio. d. Canada does not have a legal minimum required reserve ratio.