PSYB45H3 Study Guide - Midterm Guide: American Psychologist, Maple Syrup, Canadian Dollar
Document Summary
Thur: please write all answers in pen and as clearly and neatly as possible. Then, you write either question 3 or 4: you have 90 minutes to write the exam. Do not write below for marking purposes only. The canadian dollar is now equal to approximately uk 0. 61 (61 british pence) and also equal to ussh. 98 (98 american cents). Assume that over the next year the canadian. Dollar will change in value to be worth uk 0. 50 and worth us. 10. What would you expect to be the effect upon the following: (explain and justify all of your answers): canada"s balance of trade with the united kingdom? (8 marks) If the value of the canadian dollar goes from being worth uk 0. 61 (61 british pence) to uk 0. 50 over the next year, the canadian dollar is depreciating, i. e. it is worth less. The weaker canadian dollar will make it more expensive for canadian businesses and.
