10
AssignmentLong Text

Currencies and Exchange Rates

Question 10 • IL-Economics

According to the graph, when would have been the best time for an American to buy a piece of machinery manufactured in Canada?Explain your answer in at least two complete sentences.

Answer

Answer:

March 2013 would have been the best time for an American to buy the machinery. The U.S. dollar bought the most Canadian dollars then, so the machinery would cost fewer U.S. dollars.

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