Asked by
Oakley Weddle
on Nov 12, 2024
Verified
If the U.S.dollar depreciates,it means that:
A) the value of the U.S.dollar has increased.
B) the value of foreign exchange has decreased.
C) fewer U.S.dollars are required to purchase foreign exchange.
D) more U.S.dollars are required to purchase foreign exchange.
E) exports will fall.
U.S. Dollar
The currency unit of the United States, widely used globally in international trade and as a reserve currency.
Foreign Exchange
The exchange of one currency for another or the global market where currencies are traded.
- Acquire knowledge about the concept of currency appreciation and depreciation.
Verified Answer
AG
Learning Objectives
- Acquire knowledge about the concept of currency appreciation and depreciation.