Other things remaining the same, the higher the exchange rate, the larger is the expected profit from buying dollars.

Name: Other things remaining the same, the higher the exchange rate, the larger is the expected profit from buying dollars.
Brand: Quizplus
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Question

Quizplus · Accepted Answer

A higher exchange rate means that more of the domestic currency is needed to buy the same amount of dollars, which can reduce the expected profit from buying dollars if the exchange rate is expected to decrease in the future.

Other Things Remaining the Same, the Higher the Exchange Rate