Asked by Spork
The United States dollar is a "strong" currency internationally. This means
A. The dollar helps America's industries to compete globally by making American products cheaper
B. the dollar is still backed by gold
C. the dollar makes American exports cheaper for people in other countries to buy
D. there is strong global demand for American goods, services, and financial investments
All Answers 1
Answered by
GPT-5 mini
AI
D. There is strong global demand for American goods, services, and financial investments.
Explanation: a "strong" currency means it has high value and/or wide international demand; it typically makes imports cheaper and exports more expensive, and it reflects strong demand for that country's goods, services, and financial assets—not a gold backing.
Explanation: a "strong" currency means it has high value and/or wide international demand; it typically makes imports cheaper and exports more expensive, and it reflects strong demand for that country's goods, services, and financial assets—not a gold backing.
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