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WILL MARK BRAINLIEST IF CORRECT 20 POINTS


Terrance lives in Iraq. He exports fine Persian rugs to the United States. Iraq's currency, the dinar, has recently lost value compared to the dollar. Which statement explains how this change in currency value would affect Terrance's business?


Sales of the rugs would likely decrease. U.S. buyers will get fewer dinars for each dollar.

Sales of the rugs would likely increase. U.S. buyers will get more dinars for each dollar.

Sales of the rugs would likely decrease. U.S. buyers will get more dinars for each dollar.

Sales of the rugs would likely increase. U.S. buyers will get fewer dinars for each dollar.

Respuesta :

StarrAmara

Answer:

Sales of the rugs would likely increase. U.S. buyers will get more dinars for each dollar. I don't know absolutely if this is correct or not, but i think it is..

gauravsingh23VT

Sales of the rugs would likely increase. U.S. buyers will get more dinars for each dollar is explains the change in currency value would affect Terrance's business.

What is change in currency?

A currency exchange, which is a legal business, allows customers to swap one currency for another. Physical money is usually exchanged at a teller station.

Currency can be found at airports, banks, hotels, and resorts, among other places. Currency exchanges earn from the bid-ask spread by charging a little fee and charging a small fee.

Thus, option B, Sales of the rugs would likely increase. U.S. buyers will get more dinars for each dollar is correct.

For more details about change in currency click here:

https://brainly.com/question/14124450

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