Terrence lives in Iraq. He exports fine Persian rugs to United States. Iraq’s currency the dinar, has recently lost value compar
ed to the dollar. Which statement explains how this change in currency would affect Terrence‘s business? A) Sales of the tugs would likely decrease. U.S. buyers will get fewer dinars for each dollar.
B) Sales of the rugs would likely increase. U.S. buyers will get more dinars for each dollar.
C) Sales of the rugs would likely decrease. U.S. buyers will get more dinars for each dollar.
D) Sales of the rugs would likely increase. U.S. buyers will get fewer dinars for each dollar.
Explanation: The questions states "Iraq’s currency the dinar, has recently lost value compared to the dollar." Since dollars will be worth more dinars, the exported rugs will be much cheaper in the U.S. than in Iraq. The sales will go up, because there is a better deal on the rugs. Let me know if this helped! :)
The motivations for colonial expansion were trade and the spread of the Christian faith through indigenous conversions. The Spanish conquistador Juan Ponce de Leon was an early invader of the Americas, traveling to the New World on Columbus' second voyage.
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