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In​ 2011, a number of Canadians purchased homes in Arizona. Which of the following would not...

In​ 2011, a number of Canadians purchased homes in Arizona. Which of the following would not be a possible explanation for​ this? A. The U.S. dollar depreciated during this time. B. The value of the Canadian dollar relative to the U.S. dollar increased during this time. C. The Canadian dollar appreciated during this time. D. The U.S. dollar appreciated relative to the Canadian dollar during this time.

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Answer #1

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Option D

D. The U.S. dollar appreciated relative to the Canadian dollar during this time.

Canadian purchased homes mean the homes were relatively cheap at that time and that is possible if the price of the Canadian dollar is higher relative to the US dollar so the Candian can purchase and have higher demand.

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