Suppose the value of the U.S. dollar strengthened considerably against the Euro. Who among the following would benefit the most in such a situation?
A) European tourists in the U.S.
B) Shipping companies based in northern Africa who ship to both the U.S. and the Euro
C) European firms exporting goods to America
D) European firms operating production facilities in the United States

Question

Quizplus · Accepted Answer

European firms exporting goods to America would benefit the most if the value of the U.S. dollar strengthens considerably against the Euro because they will receive more Euros for their goods sold in the U.S., resulting in higher profits.

Suppose the Value of the U