A simultaneous increase in US demand for Canadian products and decrease in the desire of Canadian investors to send funds to the United States would, under a flexible exchange rate system and with other things equal, lead to _______ of the US dollar against the Canadian dollar and to ________ of the Canadian dollar against the US dollar.
a. an appreciation / a depreciation
b. an appreciation / an appreciation
c. a depreciation / a depreciation
d. a depreciation / an appreciation
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