# If Canada runs a balance of payments surplus and exchange rates are floating ? with Answer - Economics Mcqs | TestPrep

> Solved MCQ: If Canada runs a balance of payments surplus and exchange rates are floating ? Correct Answer: C. the price of foreign goods will become cheaper to Canadians. Verified answer explanation for FPSC, PPSC, MDCAT, NTS, and CSS competitive exam preparation.

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# If Canada runs a balance of payments surplus and exchange rates are floating ?

Direct Answer & Quick Reference

The correct option is **C. the price of foreign goods will become cheaper to Canadians**.

A. the value of other currencies will rise relative to the dollar

B. the dollar will depreciate relative to other currencies

C. the price of foreign goods will become cheaper to Canadians **(Correct Answer)**

D. the price of foreign goods will rise for Canadians

✨ Explain with AI

Verified Key: C. the price of foreign goods will become cheaper to Canadians
Solved by 3,626+ students

Verified against official examination board answer keys and standard curriculum textbooks.

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*Source: https://test-prep.blog/mcq/if-canada-runs-a-balance-of-payments-surplus-and-exchange-rates-are-floating-20c3cd27-a8a6-4027-9331-3897e0ccf0df*
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