QUESTION IMAGE
Question
the graph below shows the value of the us dollar versus the canadian dollar. value of us dollar vs. canadian dollar for the time period shown, the value of the us dolla was generally rising against the canadian dollar. falling against the canadian dollar. more than twice that of the canadian dollar. about half that of the canadian dollar.
To determine the trend of the US dollar's value against the Canadian dollar, we analyze the graph. The y - axis represents Canadian dollars per US dollar. As we move along the time axis (implied by the graph's progression), the value of Canadian dollars per US dollar is increasing. This means that 1 US dollar can buy more Canadian dollars over time, so the US dollar is rising against the Canadian dollar. The option "more than twice that of the Canadian dollar" is incorrect as the values are around 0.98 - 1.02, not double. The option "about half that of the Canadian dollar" is also incorrect for the same reason. The option "falling against the Canadian dollar" is incorrect because the value is increasing, not decreasing.
Snap & solve any problem in the app
Get step-by-step solutions on Sovi AI
Photo-based solutions with guided steps
Explore more problems and detailed explanations
rising against the Canadian dollar.