When the dollar is worth less in relation to currencies of other countries, are you more likely to buy american-made or foreign-

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Digiron [165]

2 years ago

6

When the dollar is worth less in relation to currencies of other countries, are you more likely to buy american-made or foreign-

made electronics? you are more likely to purchase

Business

1 answer:

MArishka [77] · Answer 1 · 2023-03-25T21:01:28+03:00

When the dollar is worth less in relation to currencies of other countries, you are more likely to purchase American-made product.

<h3>How currencies are valued ?</h3>

Collective supply and demand determine the value of a currency. Numerous variables, such as interest rates, inflation, capital flows, and money supply, have an impact on supply and demand. Currency is most frequently valued using exchange rates.

<h3>What makes a currency more valuable?</h3>

When there is a high demand for a currency, it will appreciate in value. Conversely, when there is a low demand for a currency, it will depreciate in value.

A controlled floating exchange rate is what determines the current exchange rates between nations. With a managed floating exchange rate, each currency's value is influenced by the policies taken by its central bank or government in terms of the economy.

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