611EconomicsMedium
If export contracts are written in terms of foreign currency and import contracts are denominated in domestic currency a depreciation of the dollar during the currency contract period?
AAll of the above
Bshould increase the dollar value of exports
Cmust increase the balance of trade
Dshould not have any effect on the dollar value of U.S imports
Correct answer
A. All of the above
Explanation
The correct answer is All of the above.