A company with a payable denominated in a foreign currency wants the dollar to become weaker because the payment then costs fewer dollars when the transaction is settled.

Name: A company with a payable denominated in a foreign currency wants the dollar to become weaker because the payment then costs fewer dollars when the transaction is settled.
Brand: Quizplus
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Question

Quizplus · Accepted Answer

A company with a payable in a foreign currency would benefit from a stronger dollar, as it would require fewer dollars to settle the payment.

A Company with a Payable Denominated in a Foreign Currency