explain please The value of the Russian Ruble changed from 94 to the dollar to 91 to the dollar. What is the likely effect ofthis change in the foreign exchange market?A. It will make Russia’s imports cheaper but may harm its export competitiveness.B. It will boost Russia’s exports, making them more competitive.C. It will have no impact on trade, as exchange rates do not influence international commerce.D. It will encourage capital outflows and discourage foreign investment.
explain please The value of the Russian Ruble changed from 94 to the dollar to 91 to the dollar. What is the likely effect ofthis change in the foreign exchange market?A. It will make Russia’s imports cheaper but may harm its export competitiveness.B. It will boost Russia’s exports, making them more competitive.C. It will have no impact on trade, as exchange rates do not influence international commerce.D. It will encourage capital outflows and discourage foreign investment.
Chapter1: Making Economics Decisions
Section: Chapter Questions
Problem 1QTC
Related questions
Question
explain please The value of the Russian Ruble changed from 94 to the dollar to 91 to the dollar. What is the likely effect of
this change in the foreign exchange market?
A. It will make Russia’s imports cheaper but may harm its export competitiveness.
B. It will boost Russia’s exports, making them more competitive.
C. It will have no impact on trade, as exchange rates do not influence international commerce.
D. It will encourage capital outflows and discourage foreign investment.
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