Business, 03.12.2019 05:31 michellen2020

Initially, the exchange rate between macedonian denars and canadian dollars is in equilibrium. then, there is a decrease in demand for canadian dollars. as a result of a decrease in demand for canadian dollars, what happens to macedonia's currency in relation to canada's currency?
a. no change in macedonian denars
b. an appreciation in macedonian denars
c. a depreciation in macedonian denars
also, as a result of a decrease in demand for canadian dollars, what happens to canada's currency in relation to macedonia's currency?
a. a depreciation in canadian dollars
b. no change in canadian dollars
c. an appreciation in canadian dollars

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Initially, the exchange rate between macedonian denars and canadian dollars is in equilibrium. then,...

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