If USexport Contracts Are Written in Terms of Foreign Currency and and Import

question 24

Multiple Choice

If U.S.export contracts are written in terms of foreign currency and import contracts are denominated in domestic currency,a devaluation of the dollar during the currency contract period

• A)should increase the dollar value of exports.
• B)should not have any effect on the dollar value of U.S. imports.
• C)must increase the BOT.
• D)All of the above

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Definitions:

Article III

The section of the United States Constitution that establishes the judicial branch, including the Supreme Court and lower courts.

Judicial Review Origins

Refers to the historical development and legal acknowledgment that courts have the power to review and nullify actions or laws that are deemed unconstitutional.

Constitutional Basis

The fundamental principles or established precedents according to which a state or other organization is governed, as outlined in its constitution.

Judicial Power

The authority vested in courts and judges to interpret and apply the law, adjudicate legal disputes, and in some cases, enforce or nullify laws based on their constitutionality.