If a Country's Currency Appreciates,all Other Things Being Equal,exports _____

question 416

Multiple Choice

If a country's currency appreciates,all other things being equal,exports _____ and imports _____.

• A) increase;increase
• B) increase;decrease
• C) decrease;increase
• D) decrease;decrease

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Definitions:

Normal Balance

is the side of an account on which increases to the account are recorded, typically either a debit for assets and expenses or a credit for liabilities, equity, and revenues.

Account Category

A way of classifying accounts in accounting records, such as assets, liabilities, equity, revenues, and expenses.

Financial Statement

An official document detailing the financial transactions and standing of an entity such as a company, individual, or organization, commonly encompassing a balance sheet, income statement, and statement of cash flows.

Normal Balance

The usual balance of an accounting account, either a debit for assets and expenses or a credit for liabilities, equity, and income.