Whether or not one likes a strong U.S. dollar depends on their perspective. For those who are looking to travel abroad, a strong dollar means they can get more for their money. On the other hand, for those who are looking to export goods, a strong dollar can make their products more expensive for foreign buyers. A strong dollar can have a significant impact on U.S. firms. It can make their products more expensive for foreign buyers, which can lead to a decrease in demand and a decrease in profits. Additionally, a strong dollar can make it more difficult for U.S. firms to compete with foreign firms, as their products may be more expensive. Finally, a strong dollar can also make it more difficult for U.S. firms to borrow money from foreign lenders, as the cost of borrowing may be higher. reply to discussion

Whether or not one likes a strong U.S. dollar depends on their perspective. For those who are looking to travel abroad, a strong dollar means they can get more for their money. On the other hand, for those who are looking to export goods, a strong dollar can make their products more expensive for foreign buyers. A strong dollar can have a significant impact on U.S. firms. It can make their products more expensive for foreign buyers, which can lead to a decrease in demand and a decrease in profits. Additionally, a strong dollar can make it more difficult for U.S. firms to compete with foreign firms, as their products may be more expensive. Finally, a strong dollar can also make it more difficult for U.S. firms to borrow money from foreign lenders, as the cost of borrowing may be higher. reply to discussion

Economics:

10th Edition

ISBN:9781285859460

Author:BOYES, William

Publisher:BOYES, William

Chapter6: An Introduction To The Foreign Exchange Market And The Balance Of Payments

Section: Chapter Questions

Problem 13E

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