Join the growing community of curious minds on IDNLearn.com and get the answers you need. Ask your questions and receive reliable and comprehensive answers from our dedicated community of professionals.
Sagot :
If the exchange rate rises, then the quantity of dollars demanded decrease. because with the higher U.S. Exchange rate, U.S. Exports decrease.
What is the Exchange rate?
- The rate at which one currency will be exchanged for another is known as the exchange rate in the world of finance.
- Most often, currencies are national ones, but they can also be supra-national ones like the euro or sub-national ones like Hong Kong.
- The value of one country's currency in respect to another currency is also thought of as the exchange rate.
- An interbank exchange rate of 114 Japanese yen to the US dollar, for instance, indicates that 114 will be converted into $1 or that $1 will be converted into 114. In this instance, it is said that the cost of a dollar in terms of the yen is 114, or, translated into dollars, that the cost of a yen in terms of the yen is $1/114.
What is an export?
- When it comes to international trade, export is a good made in one nation and sold in another, or a service rendered in one nation to a national or resident of another nation.
- The person who provides these goods or services is an exporter; the overseas customer is an importer.
- Financial, accounting, and other professional services, tourism, education, and intellectual property rights are all examples of services that are involved in international trade.
Learn more about the Exchange rate here:
https://brainly.com/question/22996931
#SPJ4
Thank you for joining our conversation. Don't hesitate to return anytime to find answers to your questions. Let's continue sharing knowledge and experiences! IDNLearn.com is your reliable source for accurate answers. Thank you for visiting, and we hope to assist you again.