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Question 33
If the Canadian doflar is strengthening, then:
(A) it has been unpegsed from other currencies.
(B) Canada has adopted a hard peg policy.
© Canada has purchasing power panity.
(D) it has appreciated in terms of other currencies.
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Ask by Tyler Montgomery. in the United States
Mar 30,2025

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When the Canadian dollar strengthens, it has appreciated in value compared to other currencies.

Solución

  1. When we say a currency is “strengthening,” we mean that its value is increasing relative to other currencies. In mathematical terms, if represents the exchange rate (foreign currency per Canadian dollar), then a strengthening Canadian dollar implies that the exchange rate is decreasing (i.e., fewer units of foreign currency are needed to buy one Canadian dollar).
  2. For example, if initially and later with , then the Canadian dollar has appreciated in value compared to the US dollar.
  3. Examining the options:
    • (A) “it has been unpegged from other currencies” – Unpegging is related to the fixed exchange rate systems and does not directly imply strengthening.
    • (B) “Canada has adopted a hard peg policy” – A hard peg is a policy decision, not an indication that the currency is strengthening.
    • © “Canada has purchasing power panity” – This term is not standard terminology in economics.
    • (D) “it has appreciated in terms of other currencies” – This correctly describes the situation when the currency strengthens.
  4. Hence, the correct answer is:
(D) it has appreciated in terms of other currencies.

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Beyond the Answer

When we say the Canadian dollar is strengthening, we typically mean that its value is increasing relative to other currencies. This can happen due to various economic factors, such as higher interest rates in Canada compared to other countries, which can attract foreign investment and drive demand for the Canadian dollar.
Furthermore, a stronger Canadian dollar means Canadians can buy more foreign goods and services for the same amount of money. This can make imported products cheaper, but it can also impact Canadian exporters, as their goods may become more expensive for foreign buyers. Balancing these effects is key for the Canadian economy!

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