The advantage of having a strong currency is it
A) makes imports more expensive.
B) makes exports more expensive.
C) makes interest rates lower.
D) none of the above.

Question

Quizplus · Accepted Answer

A strong currency makes imports cheaper, not more expensive, and can make exports more expensive in foreign markets, which is not an advantage. It does not directly cause interest rates to be lower; interest rates are influenced by central bank policies and economic conditions.

The Advantage of Having a Strong Currency Is It