how does a strong currency affect a nations imports and exports? select all that apply. it makes exports…

how does a strong currency affect a nations imports and exports? select all that apply. it makes exports less competitive globally. it makes imports more expensive. it makes imports less expensive. it makes exports more competitive globally.

how does a strong currency affect a nations imports and exports? select all that apply. it makes exports less competitive globally. it makes imports more expensive. it makes imports less expensive. it makes exports more competitive globally.

Answer

Brief Explanations:

A strong currency means more of a foreign - currency can be bought with a unit of the domestic currency. So, imports become cheaper as the same amount of domestic currency can purchase more foreign goods. On the other hand, for foreign buyers, goods from the country with a strong currency become more expensive in their own currency terms, making exports less competitive globally.

Answer:

It makes exports less competitive globally. It makes imports less expensive.