If a foreign currency _____ relative to the U.S.dollar,Americans must pay more for goods and services bought from sellers in the country that issues the currency.
A)goes up
B)goes down
C)varies
D)is unstable

Question

Quizplus · Accepted Answer

When a foreign currency appreciates (goes up) relative to the U.S. dollar, it means that each unit of the foreign currency buys more dollars than before. Consequently, Americans need to spend more dollars to buy the same amount of foreign currency, making goods and services from that country more expensive for them.

If a Foreign Currency _____ Relative to the U