All global business is based on the floating exchange rate. Which statement is true if the value of the US dollar increases relative to foreign currency?

Question

Answer

The price of products imported into the US will increase

Answer

Your US dollars will buy you less in the foreign market

Answer

The stronger dollar puts increased pressure on the global price of oil

Answer

Your US dollars will buy you more in the foreign market

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All global business is based on the floating exchange rate. Which statement is t...

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