Asked by
Jaelan Sherman
on Nov 12, 2024
Verified
If the U.S.dollar depreciates,it becomes cheaper for U.S.residents to travel in foreign countries.
U.S. Dollar
The United States' official money, commonly utilized worldwide as a standard and reserve currency.
Depreciates
Describes how an asset loses value over time due to wear and tear, age, or obsolescence.
- Identify the impacts of currency valuation and devaluation on international commerce and individual financial well-being.
Verified Answer
BB
Learning Objectives
- Identify the impacts of currency valuation and devaluation on international commerce and individual financial well-being.