Question

Define a strong dollar?

Answer 1

Answer:

A strong dollar occurs when the U.S. dollar has risen to a level against another currency that is near historically high exchange rates for the other currency relative to the dollar.

Explanation:

Answer 2

Answer:

strong dollar- is a situation in which the United States dollar can be exchanged for a relatively large amount of another currency. A Strong dollar makes exports relatively expensive because of foreign purchasers have to pay more, in their currency for goods. imports are relatively inexpensive because of the dollar can purchase a relatively high amount of foreign currency in order to pay for goods. A strong dollar occurs when people want to invest in the U.S. because the financial markets are seen as favorable and providing good returns.

A strong dollar contracts with a weak dollar, which is characterized by a reluctance to invest in the U.S. and creates a situation where imports are expensive and exports are relatively cheap.