When there is a sudden decrease in the real interest rate in Canada, the Canadian dollar will depreciate

a. True
b. False
Indicate whether the statement is true or false

True

Economics

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Scott used $4,000,000 from his savings account that paid an annual interest of 5% and a $60,000 loan at an annual interest rate of 5% to purchase a hardware store. After one year, Scott sold the business for $4,100,000 . His accounting profits is:

a. $300,000 b. $100,000 c. $97,000 d. $20,000

Economics

Oligopolies are difficult to analyze because of the interdependent nature of management decisions

a. True b. False Indicate whether the statement is true or false

Economics