Answered

Looking for answers? Westonci.ca is your go-to Q&A platform, offering quick, trustworthy responses from a community of experts. Discover a wealth of knowledge from professionals across various disciplines on our user-friendly Q&A platform. Connect with a community of professionals ready to provide precise solutions to your questions quickly and accurately.

If the exchange rate is expressed as VND/USD (23000 VND = 1 USD), the VND is said to depreciate against the USD if the exchange rate
1) falls. Other things the same, it will cost more USD to buy Vietnamese goods.
2) rises. Other things the same, it will cost fewer USD to buy Vietnamese goods.
3) falls. Other things the same, it will cost fewer USD to buy Vietnamese goods.
4) rises. Other things the same, it will cost more USD to buy Vietnamese goods.
Which one is correct

Sagot :

We hope this information was helpful. Feel free to return anytime for more answers to your questions and concerns. Thank you for your visit. We're dedicated to helping you find the information you need, whenever you need it. Get the answers you need at Westonci.ca. Stay informed with our latest expert advice.