Would an appreciation of the yuan relative to the U.S. dollar be good news or bad news for U.S. firms such as Apple and McDonald's that have stores or restaurants in China? Briefly explain.
A. Bad news, because sales in China are now worth less when converted to U.S. dollars.
B. Bad news, because goods produced by Chinese competitors become less expensive.
C. Good news, because they will earn more dollars when they convert an appreciated yuan into U.S. dollars.
D. Good news, because the purchasing power of American consumers increases.
Would an appreciation of the yuan relative to the U.S.dollar be good news or bad news for U.S.firms such as Apple and McDonald's that have stores or restaurants in China? Briefly explain.
O A. Bad news,because sales in China are now worth less when converted to U.S.dollars O B.Bad news,because goods produced by Chinese competitors become less expensive
O C. Good news,because they will earn more dollars when they convert an appreciated yuan into U.S.dollars.
O D.Good news,because the purchasing power of American consumers increases.