Question

For a medal

Answer 1

For many years, the only currency that oil-producing countries would accept for their oil was the United States dollar. From what you know about exchange rates, what do you suppose would happen to the value of the dollar if the demand for oil were to increase?

The demand for oil cannot increase.

The value of the dollar would increase.

The value of the dollar would not change.

The value of the dollar would go down.

Answer 2

@charlotte123

Answer 3

A is your giveaway wrong one

Answer 4

Only Way to pay for Oil - Money
More Oil - More money you pay
Less Oil - Less money you pay
Think about gas prices -

Answer 5

Bib - You're making me medal you again >.>

Answer 6

w-w-wait char. Isn't it more oil -> cheaper oil?

Answer 7

I'm thinking of a gas machine *-*
More gallons of gas/oil - Ya gotta pay more
Less gallons you need - The less you pay *-*

Answer 8

its more oil less pay
less oil more pay

Answer 9

o

Answer 10

i mean supply and demand. thingy

Answer 11

So let's pretend people need more oil than ever and the only way they can pay is by buying american dollars first.

I think the currency would get stronger but I always get these wrong :'(

Answer 12

The demand of oil is different though - In that case it would be more oil - Cheaper oil -
So the demand of oil increases - Value of dollar go X_x

Answer 13

Or you could just use the good old cheating method and let your brain cells live >:D http://openstudy.com/study#/updates/519b9417e4b0331db0bdd653

Answer 14

you can google most of these :-)

Answer 15

lol D then. xD

Answer 16

LOL
I actually tried - I failed
This was my lucky one *-*

Answer 17

It would seeeeeeeem so

You'll get 'em next time :D

Answer 18

Bib Q_Q