In which of the following situations is the Canadian dollar exchange rate equal to the market equilibrium?

Question

Accepted Answer

The quantity of dollars demanded equals the quantity of dollars supplied.

Answer

A surplus may exist but a shortage may not exist.

Answer

A shortage may exist but a surplus may not exist.

Answer

The demand for dollars equals the supply of dollars.

Answer

The Canadian dollar is trading for 100 U.S. cents per Canadian dollar.

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