Discover a world of knowledge at Westonci.ca, where experts and enthusiasts come together to answer your questions. Explore in-depth answers to your questions from a knowledgeable community of experts across different fields. Connect with a community of professionals ready to help you find accurate solutions to your questions quickly and efficiently.
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/2206977
#SPJ4
Your visit means a lot to us. Don't hesitate to return for more reliable answers to any questions you may have. We appreciate your visit. Our platform is always here to offer accurate and reliable answers. Return anytime. Thank you for using Westonci.ca. Come back for more in-depth answers to all your queries.
