With Regard to Exchange Rates, It Is Correct to Say

question 87

Multiple Choice

With regard to exchange rates, it is correct to say that

• A) they affect trade balances.
• B) they typically vary substantially on a daily basis.
• C) they do not vary with market conditions.
• D) changes affect only narrow product lines, not all products.
• E) as the value of a country's currency falls, foreign companies have less incentive to ship products into that country.

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