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According to the graph, when would have been the
best time for an American to buy a piece of machinery
manufactured in Canada?
Explain your answer in at least two complete
sentences.

According to the graph when would have been the best time for an American to buy a piece of machinery manufactured in Canada Explain your answer in at least two class=

Respuesta :

Answer:

The best time to buy an imported good, such as machinery manufactured in Canada, is when you can buy the most Canadian dollars for your US dollars. According to the chart, rates were most favorable in March 2013. At that time, one dollar could by about 1.03 Canadian dollars.

Step-by-step explanation:

pstnonsonjoku

The best time to make a purchase in Canadian dollars is in march 2013 (3/13).

When trying to make a purchase in another currency, one must consider;

  • Value of your currency against the foreign currency.
  • The prevailing exchange rate.
  • Chances of a future change in the exchange rate.

Putting all these factors into consideration, we can see from the chart that the best time to make a purchase in Canadian dollars is in march 2013 (3/13).

Learn more about exchange rate: https://brainly.com/question/17180334

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