ECONOMICS
Two countries trade with each other regularly. Country A has a strong
economy and b...
Social Studies, 30.10.2020 21:20 shreyasvrangan
ECONOMICS
Two countries trade with each other regularly. Country A has a strong
economy and buys large quantities of natural resources from country Beach
year. Country B has a weaker economy, and $1 in country A's currency is
worth about $50 in country B's currency.
Which result would be most likely if the exchange rate suddenly became $1 in
country A's money for $20 in country B's money?
A. Country A's economy would expand because its imports would
cost less money.
B. Country A's currency would become fixed because of its rapidly
falling value.
O C. Country B's currency would become fixed because of its rapidly
falling value.
D. Country B's economy would suffer because its exports would bring
in less money
Answers: 1
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