Question: Question Completion Status: QUESTION 21 A stronger U.S. dollar makes the cost of oil, which is priced in U.S. dollars (assume no change in the

 Question Completion Status: QUESTION 21 A stronger U.S. dollar makes the

Question Completion Status: QUESTION 21 A stronger U.S. dollar makes the cost of oil, which is priced in U.S. dollars (assume no change in the U.S. dollar price higher for everyone. higher for purchasers who must convert their currencies into the U.S. dollar. higher for purchasers who earn revenues in the U.S. dollar, that is purchasers who do not need to convert their currencies into the U.S. dollar. does not affect the price of oil for anyone. affected by a foreign QUESTION 22 Generally, MNCs with fewer foreign currency revenues than foreign currency costs will be currency favorably, weaker favorably; stronger not weaker not stronger

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