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Question of the Week: Level 1 - Macroeconomics
On the first of the month, the CAD/USD = 1.2563. At the end of the month, CAD/USD = 1.2493.
Which statement is correct?
Question of the Week: Level 1 - Macroeconomics 15 votes
A. The CAD weakened over the month against the USD.
B. The USD weakened over the month against the CAD.
C. The base currency depreciated against the price currency.