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Payton Douglas
11 April, 14:07
Define a strong dollar?
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Mitchell Zavala
11 April, 15:00
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strong dollar - is a situation in which the United States dollar can be exchanged for a relatively large amount of another currency. A Strong dollar makes exports relatively expensive because of foreign purchasers have to pay more, in their currency for goods. imports are relatively inexpensive because of the dollar can purchase a relatively high amount of foreign currency in order to pay for goods. A strong dollar occurs when people want to invest in the U. S. because the financial markets are seen as favorable and providing good returns.
A strong dollar contracts with a weak dollar, which is characterized by a reluctance to invest in the U. S. and creates a situation where imports are expensive and exports are relatively cheap.
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Cedric Buckley
11 April, 17:12
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A strong dollar occurs when the U. S. dollar has risen to a level against another currency that is near historically high exchange rates for the other currency relative to the dollar.
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