If the Dollar Rises in Value Against Other Currencies,this Will

question 114

Multiple Choice

If the dollar rises in value against other currencies,this will

• A)lower our trade deficit.
• B)make our exports more expensive and our imports cheaper.
• C)make our exports cheaper and our imports more expensive.
• D)make both our exports and imports more expensive.

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Definitions:

U.S. Assets

Properties, investments, and other financial resources owned by individuals, businesses, and the government in the United States.

Gold Standard

A monetary system where a country's currency has a value directly linked to gold, allowing it to be exchanged for a specific amount of gold.

Gold Certificates

Certificates that were once issued by the United States government, representing a specific value of gold bullion held by the Treasury.

Trade Deficits

A situation where a country's imports exceed its exports, resulting in a negative balance of trade.