If There Were an Appreciation of the Exchange Rate of a Local

question 19

Multiple Choice

If there were an appreciation of the exchange rate of a local currency against the USD,then _____ from _____ sales would be _____ than if the exchange rate had remained constant.

• A) profits; increased exports; less
• B) losses; increased exports; less
• C) profits; increased exports; more
• D) losses; decreased imports; more

---

Definitions:

Ethical Behavior

Ethical Behavior involves acting in ways consistent with societal norms and values, including honesty, integrity, fairness, and respect.

Outplacement Firm

A service provider that assists laid-off employees in finding new jobs, often employed by the former employer to help reduce the impact of layoffs.

Concerned

A state of being worried or anxious about something.

Contractual Obligations

Legal agreements and duties that parties must fulfill as part of a contract, often enforceable by law.