A lower value of the US dollar means that
A. a dollar would be traded for less foreign currency than normal.
B. the American dollar is worth more when purchasing a foreign-made good.
C. the American dollar isn't backed by gold.
D. the dollar can't be used in international trade.
Is B right answer ?
2 answers
No
From Google:
DEFINITION of Weak Dollar. A weak dollar is a situation where the U.S. dollar's value is decreasing relative to one or a basket of foreign currencies. Essentially, a weak dollar means that a U.S. dollar can exchange for fewer amounts of foreign currency.
DEFINITION of Weak Dollar. A weak dollar is a situation where the U.S. dollar's value is decreasing relative to one or a basket of foreign currencies. Essentially, a weak dollar means that a U.S. dollar can exchange for fewer amounts of foreign currency.
1 answer