If Canada is said to have a balance of payments deficit,this means that OA.the Bank of Canada decreased its reserves of foreign exchange B.theBank of Canada purchased some ofthe gold that it uses to back the Canadian dollar c.theBank of Canada used Canadian dollars to buy foreign exchange on the foreign exchange markets. O D. the Bank of Canada issued foreign exchange
If Canada is said to have a balance of payments deficit,this means that OA.the Bank of Canada decreased its reserves of foreign exchange B.theBank of Canada purchased some ofthe gold that it uses to back the Canadian dollar c.theBank of Canada used Canadian dollars to buy foreign exchange on the foreign exchange markets. O D. the Bank of Canada issued foreign exchange
Chapter1: Making Economics Decisions
Section: Chapter Questions
Problem 1QTC
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If Canada is said to have a balance of payments deficit,this means that
OA.the Bank of Canada decreased its reserves of foreign exchange
B.theBank of Canada purchased some ofthe gold that it uses to back the Canadian dollar
c.theBank of Canada used Canadian dollars to buy foreign exchange on the foreign exchange markets. O D. the Bank of Canada issued foreign exchange
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