## [answered] 19. Consider two currencies: USD and CAD. If the exchange r

19. Consider two currencies: USD and CAD. If the exchange rate decreases from 1 USD = 1.37 CAD to 1 USD = 1.20 CAD, USD will A. depreciate B. remain unchanged C. appreciate D. deflated. 20. Consider three currencies: USD, CAD and JPY. One dollar buys C\$ 1.20 or ?120. The exchange rate between Canadian dollars and Japanese Yen is A. C\$ 1 = ?100 B. C\$ 12 = ?120 C. C\$ 1.2 = ?100 D. C\$ 1 = ?120
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