Multiple Choice
Why is the exchange rate important in global markets?
A) If the value of the dollar is high, the products of foreign producers are more expensive because it takes more dollars to buy them
B) To earn the highest amount of profit the trading currency must remain low and stable
C) Labor costs can vary considerably as currency values shift
D) The exchange rate is unimportant in global markets
Correct Answer:
Verified
Correct Answer:
Verified
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