Question

What does it mean when an economist says that a currency has become stronger?


A.
The currency can be exchanged for more of a foreign currency.


B.
There are very few things that the currency cannot buy in a foreign market.


C.
The currency will buy less of foreign goods.


D.
Services, unlike goods, can be exported freely.

Answer 1

When an economist says that a currency has become stronger, it typically means that the currency can be exchanged for more of a foreign currency. Therefore, the correct answer is:

**A. The currency can be exchanged for more of a foreign currency.**