A U.S. company exports products to Russia. The prices of the U.S. products in Russia are going up because the value of the dollar has ________ against Russia's currency
A) depreciated
B) stabilized
C) risen
D) fallen
E) equalized
C
Explanation: C) Suppose that the value of the dollar rises or gets stronger against the ruble (the currency of Russia). Goods exported from the United States will become more expensive because the Russians will now have to come up with more rubles to purchase each dollar.
You might also like to view...
Trudy's Café paid employees $4,680 in September for work performed that month. What journal entry will Trudy's prepare to record that transaction?
A. Debit Salaries and Wages Expense and credit Cash for $4,680. B. Debit Salaries and Wages Revenue and credit Cash for $4,680. C. Debit Cash and credit Salaries and Wages Payable for $4,680. D. Debit Cash and credit Salaries and Wages Revenue for $4,680.
George is analyzing the market for his bagel business. He noticed that there are no bagel shops
in the northeast section of his city. For George's bagel business, this represents a(n) A) obligation. B) threat. C) opportunity. D) weakness. E) strength.
In the postpurchase evaluation stage, when performance of a product or service is below expectations, it would result in
A. the development of consideration threat. B. the evaluation of attribute bundles. C. cognitive resonance. D. dissatisfaction. E. the creation of an evoked set.
A conditional pledge should be recognized as revenue when the pledge is made.
Answer the following statement true (T) or false (F)