The value of the Japan/US foreign exchange rate and US exports of goods to Japan.

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Chapter 29, Problem 29.4RDE

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The value of the Japan/US foreign exchange rate and US exports of goods to Japan.

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Year 2014 2015 2016 US $ 1$ 1$ 1$ Canada $ $1.25 $1.35 $1.45 Based on the Exchange rates above, Which of the following is true? A)Fewer Canadian $ are needed to buy a US$ B)The Canadian $1 is more expensive and is appreciating C)The $1 is more expensive and is appreciating D)The dollar has lost value