Exchange Rates Table YEAR 2014 2015 2016 US $ $1 $1 $1 Canadian $ 1.25 1.35 1.45 British Pound .85 .7 .6 Mexican Peso 9 10 16 Based on the Exchange rates above, How might international trade be affected ? The US will import more from Great Britain. Mexico will import more from the US Great Britan will import more from the US O Canada will import more from the US
Exchange Rates Table YEAR 2014 2015 2016 US $ $1 $1 $1 Canadian $ 1.25 1.35 1.45 British Pound .85 .7 .6 Mexican Peso 9 10 16 Based on the Exchange rates above, How might international trade be affected ? The US will import more from Great Britain. Mexico will import more from the US Great Britan will import more from the US O Canada will import more from the US
Chapter21: International Finance
Section: Chapter Questions
Problem 3QP
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Question
The picture below is the table to the question. The highlighted one is my guess which is wrong.
Based on the Exchange rates above, How might international trade be affected?
A)The US will import more from Great Britain (this one is wrong)
B)Mexico will import more from the US
C)Great Britain will import more from the US
D)Canada will import more from the US
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