If the US Dollar Appreciates in the Foreign Exchange Market

question 21

Multiple Choice

If the U.S. dollar appreciates in the foreign exchange market,

• A) American goods will become more expensive for foreign buyers and foreign goods will be cheaper for Americans.
• B) American goods will become less expensive for foreign buyers and foreign goods will be more expensive for Americans.
• C) American goods will become more expensive for foreign buyers and foreign goods will be more expensive for Americans.
• D) American goods will become cheaper for foreign buyers and foreign goods will be cheaper for Americans.
• E) neither the price of U.S. exports nor the price of U.S. imports will change.

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Definitions:

Standing-Room-Only Close

A sales technique that creates a sense of urgency by implying limited availability.

Digital Camera

A device that captures photographs in digital format, allowing for storage, display, and manipulation on computers.

Christmas

A holiday celebrated on December 25 that commemorates the birth of Jesus Christ and is marked by traditions of gift-giving, decorations, and festive meals.

Assumptive Close

A sales technique where the salesperson assumes that the customer has already decided to purchase and moves directly to the closing stage.