Rhett heard predictions that the value of the U.S. dollar is likely to increase substantially over the next six months. This should
A) hurt his overseas efforts since his prices will be very high.
B) stop overseas efforts because dollars will not be negotiable.
C) help his overseas efforts since his prices will be lower.
D) force him into accepting no other currency except the dollar.

Question

Quizplus · Accepted Answer

An increase in the value of the dollar will make American goods more expensive because it takes more foreign currency to buy U.S. goods. Foreign customers will exchange more of their currency for U.S. dollars.

Rhett Heard Predictions That the Value of the U