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Assume that the US dollar is appreciating (getting stronger, and stronger) every day against the Swiss Franc and the South African Rand; this, normally should represent: a.good news for US companies exporting to these countries. b.good news for US companies importing from these countries. c.bad news for US companies importing from these countries. d.bad news for US tourists traveling abroad to these countries.

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Assume that the US dollar is appreciating (getting stronger, and stronger) every day against the Swiss Franc and the South African Rand; this, normally should represent:

a.good news for US companies exporting to these countries.

b.good news for US companies importing from these countries.

c.bad news for US companies importing from these countries.

d.bad news for US tourists traveling abroad to these countries.

✅ Answers (1)

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Private answer

b.good news for US companies importing from these countries.

Explanation

By appreciating, the U.S currency has more value compared to Swiss Franc and the South African Rand which implies that goods from the two countries; South Africa and Switzerland will be relatively cheaper in U.S than in home country. Therefore, companies importing from the two countries will pay less using U.S dollar than the cost of the products paid using Swiss Franc and South African Rand which is good news to them.

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Answered on June 23, 2020 10:45 am

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