Asked by imane sahbani on Jul 29, 2024
Verified
When Country A's currency strengthens against Country B's, citizens of Country A will
A) pay less to buy Country B's products.
B) pay more to buy Country B's products.
C) pay more to buy domestically-produced products.
D) not be affected by the change in their currency's value.
Domestically-Produced Products
Goods that are manufactured or produced within a country's borders, as opposed to being imported from abroad.
- Apprehend the impact that changes in exchange rates have on making choices concerning investments across borders.
Verified Answer
ME
manolo espanaJul 30, 2024
Final Answer :
A
Explanation :
When Country A's currency strengthens against Country B's, citizens of Country A will have to pay less to buy Country B's products. This is because the stronger currency of Country A makes Country B's products relatively cheaper for Country A's citizens, making imports from Country B more affordable.
Learning Objectives
- Apprehend the impact that changes in exchange rates have on making choices concerning investments across borders.