The value of the US dollar against other currencies is a powerful external force that should be considered in any external audit (or environmental scan). Which of the following statements is true? A strong dollar hurts companies importing to the US A weak dollar would encourage Americans to travel abroad A weak dollar will lower crude oil prices because they are globally priced in US dollars A strong dollar hurts any US firm with significant sales-overseas
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" If the dollar is strong, it means that it takes fewer dollars to buy foreign goods. This makes imports cheaper for US companies. Therefore, a strong dollar benefits companies importing to the US, not hurts them. So, this statement is false. Show more…
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