In 2016,global revenue for Amazon was $550 million lower when measured in dollars than when measured in local currencies.The reason for this discrepancy is the value of the
A)euro decreased relative to the British pound.
B)British pound increased relative to the U.S.dollar.
C)U.S.dollar increased relative to most other currencies.
D)U.S.dollar decreased relative to the Japanese yen.

Question

Quizplus · Accepted Answer

The global revenue for Amazon in dollars was lower in 2016 because the value of the U.S. dollar increased relative to most other currencies. As a result, when the revenue earned in local currencies was converted to dollars for financial reporting purposes, the amount was lower.

In 2016,global Revenue for Amazon Was $550 Million Lower When