2.3 Currency fluctuations 

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7 Terms

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Hard currency
________ is a stable and reliable form of currency that is issued by the government and widely accepted around the world.
2
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Currency speculation
________ is buying, holding, or selling foreign currency in anticipation of its value changing.
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Currency devaluation
________: When Supply is greater than demand and the value of the Canadian dollar decreases.
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Importers
________- Canadian travelers- Major League sports teams in Canada are the losers of low Canadian dollar because its more expensive to ________ and sell products in Canada, it costs more to travel to the united states for work or for pleasure, and professional sports teams that play in Canada pay them in USD to entice them to play here.
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Floating Rate
An exchange rate that is not fixed in relation to other currencies
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Currency devaluation
When Supply is greater than demand and the value of the Canadian dollar decreases
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Explanation
The losers of low Canadian dollar are importers because they tend to lose money/not make that much for example; its more expensive to import and sell products in Canada, and professional sports teams that play in Canada pay them in USD to entice them to play here