FOR A MEDAL
Which of the following businesses would prefer a weak U.S. dollar to a strong one?
A Saudi Arabian company that exports oil to the United States
An American company that imports clothing from Italy
A Turkish company that imports microchips from the United States
A Canadian company that exports lumber to the United States
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OpenStudy (anonymous):
@bibby
OpenStudy (bibby):
strengthening us dollar = "the U.S. dollar now buys more of the other currency than it did before. "
OpenStudy (anonymous):
a or d
OpenStudy (anonymous):
right?
OpenStudy (bibby):
a weak us dollar buys less things.
I guess so but I'm not really sure D:
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OpenStudy (anonymous):
me neither
OpenStudy (anonymous):
ima go with a
OpenStudy (anonymous):
:D
OpenStudy (bibby):
actually no. don't!
OpenStudy (anonymous):
why
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OpenStudy (anonymous):
o;
OpenStudy (bibby):
a weak us dollar means the people buying the saudi oil can buy less oil for the same money.
oh wait you're right. dammit
OpenStudy (anonymous):
:D tryna prove me wrong ?
OpenStudy (bibby):
If you're wrong and I catch you, you say thanks. :p