3065EconomicsMedium
If Canada runs a balance of payments surplus and exchange rates are floating?
Athe price of foreign goods will rise for Canadians
Bthe dollar will depreciate relative to other currencies
Cthe value of other currencies will rise relative to the dollar
Dthe price of foreign goods will become cheaper to Canadians
Correct answer
D. the price of foreign goods will become cheaper to Canadians
Explanation
The correct answer is the price of foreign goods will become cheaper to Canadians.