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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 13 votes

A. The CAD weakened over the month against the USD.
61% 8 votes
B. The USD weakened over the month against the CAD.
30% 4 votes
C. The base currency depreciated against the price currency.
7% 1 vote

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