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If the exchange rate between the USD and CAD is 1 USD = 1.35 CAD, then...

If the exchange rate between the USD and CAD is 1 USD = 1.35 CAD, then it changes to 1 USD = 1.20 CAD. Then the US Dollar has appreciated against the Canadian Dollar currency.

True or False and why: If I received a pay raise for the last three years, then it means that I am doing better and have a better quality of life."

True or false and why: If the CPl in 2018 is 250 and the CPI in 2019 is 255, then the inflation rate from 2018 to 2019 is increasing by 5%.

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