(Solution Download) If the value of the US dollar in foreign currency markets changes from $1 = 6 marks to $1 = 4 marks
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If the value of the US dollar in foreign currency markets changes from $1 = 6 marks to $1 = 4 marks
- The German mark has depreciated against the dollar.
- German imported products in the US will become more expensive.
- US tourists in Germany will find their dollars will buy more German products.
- US exports to Germany should decrease.
This question was answered on: Oct 24, 2017
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