As the euro becomes more expensive relative to the dollar, Americans are likely to purchase more European wines.

Answer the following statement true (T) or false (F)


False

Foreign currency fluctuations can influence consumer spending. When the euro becomes more expensive relative to the dollar, it means that it costs more dollars to buy European goods, which is likely to lead to a drop in the quantity of European wine purchased by Americans.

Business

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Business

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Business

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Business

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What will be an ideal response?

Business