Halpert Hardware Pros, an American retail store, buys most of its inventory from Asian countries. Halpert Hardware Pros would benefit if the value of the dollar ________ relative to the currencies of the countries from which Halpert imports.

Question

Quizplus · Accepted Answer

A higher value of the dollar means that a dollar would buy more foreign goods. Inventory costs, therefore, would be reduced for the U.S.-based firm.

Halpert Hardware Pros, an American Retail Store, Buys Most of Its