If the equilibrium exchange rate changes so that fewer dollars are needed to buy a South Korean won, then
A) Americans will buy fewer Korean goods and services.
B) the won has appreciated in value.
C) fewer U.S. goods and services will be demanded by the South Koreans.
D) the dollar has depreciated in value.

Question

Quizplus · Accepted Answer

The Answer of If the equilibrium exchange rate changes so that fewer dollars are needed to buy a South Korean won, then
A) Americans will buy fewer Korean goods and services.
B) the won has appreciated in value.
C) fewer U.S. goods and services will be demanded by the South Koreans.
D) the dollar has depreciated in value.

If the Equilibrium Exchange Rate Changes So That Fewer Dollars