In 2016, global revenue for Amazon was ________ when measured in local currencies than it was when measured in dollars. This o

Question

kolezko [41]

2 years ago

11

In 2016, global revenue for Amazon was ________ when measured in local currencies than it was when measured in dollars. This o

ccurred because the value of the U.S. dollar ________ relative to most other currencies. []

Business

1 answer:

Shalnov [3] · Answer 1 · 2022-01-26T03:08:12+03:00

Answer:

Lesser and fell relative to other currencies

Explanation:

This phenomenon is usually termed "Currency depreciation" a fall in the value of a currency in a floating exchange rate system.

The depreciation in 2016 occurred due to factors such as monetary policy, political instability and high inflation.

Amazon's global revenue was 135.99 billion US dollars in 2016, comparing the foreign exchange value in local currencies at that time will give a lesser value now.

In​ 2016, global revenue for Amazon was​ ________ when measured in local currencies than it was when measured in dollars. This o

In 2016, global revenue for Amazon was ________ when measured in local currencies than it was when measured in dollars. This o