If the Dollar Appreciates Relative to Other Currencies,which of the Following

question 178

Multiple Choice

If the dollar appreciates relative to other currencies,which of the following is t?

• A) It takes more foreign currency to buy a dollar.
• B) It takes more dollars to buy a foreign currency.
• C) U.S. exports will increase.
• D) Foreign purchases of U.S. goods will increase.

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Definitions:

Consumption

The use of goods and services by households or individuals for personal satisfaction or to fulfill needs.

Mercedes

A German global automobile marque known for luxury vehicles, buses, coaches, and trucks.

Income

Regularly received financial returns from participation in work or through the investment of capital.

Buicks

A brand of automobiles produced by the American automotive manufacturer General Motors (GM), known for its range of sedans, SUVs, and crossovers.