If the Canadian economy was experiencing \"runaway inflation\": Select one: O A.

Question

If the Canadian economy was experiencing "runaway inflation": Select one: O A. the amount of currency in circulation is too small O B. the demand for Canadian currency in other countries will go up C. the exchange rate for the Canadian dollar against other currencies will drop D. the supply and demand for Canadian currency are in balance E. imports into Canada will increase because the supply of Canadian dollars is greater than the demand If the exchange rate is $1 U.S. $1.3 Euros and a European wants to buy an American computer that costs $2000, he will need to spend: (Note Round to the nearest Euro) Select one: A. 1538 Euros B. 2600 Euros C. 2050 Euros D. 1206 Euros E. 805 Euros O O

Explanation / Answer

1) option C is correct - the exchange rate for the Canadian dollar against other currencies will drop

2)

$ 1 = 1.3 Euros

$2000 = 1.3 x 2000 = 2600 Euros

He would need to spend 2600 Euros

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