should canada adopt the U.S dollar as its currency?

Q: The demand increase for foreign currency is caused by:

A: The foreign currency refers to the currency of another country. The countries can exchange their…

Q: What do you think will happen to the value of the Canadian dollar in 2022? Why?

A: Canada's dollar will strengthen more in 2022 than previous years as oil prices climb up and it will…

Q: explore whether Russian currency over or undervalued against the U.S. dollar and other major…

A: Natural reasons, such as political issues making the rest of the world afraid of keeping that…

Q: Explain some consequences if you were in a foreign country for an extended period of time (such as a…

A: Currency depreciation is a fall in the value of a currency in terms of its exchange rate versus…

Q: Briefly set out economic factors which might lead naturally to a depreciation of the domestic…

A: Depreciation of domestic currency means fall in the relative value of home currency with respect to…

Q: In your opinion what are the reason devalution of Pakistani currency against foreign currency ?

A: Devaluation of currency is the reduction in the value of a country’s local currency as compared to…

Q: A firm in Canada is due to receive payment of US$1 million in 8 years’ time. It would like to…

A: Answer: Yes, there is a way called "money market hedge/cover" to protect from foreign currency risk.…

Q: State reasons why countries renominate their currency

A: The process of voluntarily adjusting the face value of circulating currency is known as…

Q: Over the past 20 years , Mexico has had high inflation and Japan has had low inflation.What do you…

A: Inflation:Inflation refers to the rise in the general price level of goods and services in an…

Q: Discuss whether SDRs or another Global Currency created by the IMF should replace the US Dollar as…

A: The SDR is a global save resource, made by the IMF in 1969 to enhance its part nations' true saves.…

Q: Explain the advantages and disadvantages for a small open economy country to peg its currency to the…

A: An economy may be a broad assortment of interconnected production, consumption, and trade activities…

Q: Which of the following will lead to an appreciation of the U.S. dollar against the British pound?…

A: Money appreciation is an expansion in the worth of one cash according to another money. Monetary…

Q: Display graphically changes in the value of domestic currency, if foreign consumers develop stronger…

A: If foreign consumers develop stronger preferences for domestic goods,then demand for domestic goods…

Q: A country is always worse off when its currency isweak (falls in value).” Is this statement true,…

A: This statement is false. A weak currency has a negative effect on purchase of goods and services…

Q: what is better currency appreciation or currency depreciation?

A: If there is a fall in the value that is depreciation of the currency this will result in a fall of…

Q: How much damage can Saudi Arabia do to the United States economy if they started selling their Oil…

A: US has been trading partner with Saudi Arabia since long. Saudi Arabia gets weapons and arms from US…

Q: Are fixed or floating exchange rates better for the eurozone countries?

A: To what extent did the euro's creation alter currency policy in the Eurozone countries? The answer…

Q: If a strike takes place in France, making it harder to buyFrench goods, what will happen to the…

A: The exchange rate refers to the value of domestic currency in terms of foreign currency. It is the…

Q: What determines the value of a currency

A: Meaning of Microeconomics: The term macroeconomics refers to that situation under which the…

Q: Suppose a country announces a new set of reforms that includes a new anti- inflation program.…

A: Inflation is a difficult phrase to define in economic terms. Anti-inflationary policy refers to…

Q: Differentiate between floating exchange rate and exchange rate?

A: An exchange rate regulated by the economic authority with regard to a foreign currency or a bundle…

Q: unfair trading practices including currency manipulation

A: Currency manipulation: It refers to the lower the value of currency so that the cost of the export…

Q: This summer has been very hot. In fact, many crops that need water to thrive have been suffering…

A: When there is a rise in imports or a fall in the export of a country it implies a negative impact on…

Q: Canada the US and Mexico are all on the same continent the AMERICAS and the economies are very tied…

A: Here, it is given that Canada, US and Mexico are very tired together for their economic, social and…

Q: Why does the demand for foreign currency falls when its price rises

A: According to the given question In Simple words we can that the currency which can be usually used…

Q: What could cause an increase in the supply of Argentine pesos on the foreign exchange market? …

A: The foreign exchange market, that is also known as the over-the-counter market, is a decentralised…

Q: How would each of these events affect the supply or demand for Japanese yen?  A) Stronger U.S.…

A: A country’s currency is demanded for various purposes like for paying for imports(by other…

Q: Explain currency Exchange Rate with three different  examples.

A: Balance of payments records the international transactions that take between one nation and other…

Q: What is the effect of a devaluation of a domestic currency?     A) Domestic goods will…

A: A currency may devaluate or revaluate under the fixed exchange rate regime in order to stabilize the…

Q: If Japan has low inflation and the Philippines has high inflation, what will happen to the exchange…

A: In the international market, the value of currencies are highly influenced by the inflation rate in…

Q: If a company believed that a nation was preparing to devalue its currency, the company should reduce…

A: Meaning of Macroeconomics: The term macroeconomics refers to the situation of economic and…