When an economist says that a currency has become stronger, he or she means that

a) it will buy less of foreign goods.
b)it can be exchanged for more of a foreign currency.
c)services, unlike goods, can be exported freely.
d)there are very few things that the currency cannot buy in a foreign market.

C

A
B
C
D

MarieJ answers are 100% correct I just took the quick check if your in connections academy economics then those answers are correct :)

When an economist says that a currency has become stronger, he or she means that it can be exchanged for more of a foreign currency. This indicates that the currency has increased in value relative to other currencies, and therefore, can buy more foreign currency.

When an economist says that a currency has become stronger, it means that it can be exchanged for more of a foreign currency. This indicates that the value of the currency has increased relative to other currencies in the foreign exchange market. To understand this concept, economists often use a comparison between two currencies, where a stronger currency can buy more of a foreign currency when exchanged. This typically happens when there is higher demand for the currency due to factors such as a strong economy, high interest rates, or political stability.

To determine the answer to this multiple-choice question, we can analyze each option:

a) "It will buy less of foreign goods": This option suggests that a stronger currency would result in a decrease in the purchasing power of the currency in relation to foreign goods. However, this is not an accurate interpretation of a stronger currency.

b) "It can be exchanged for more of a foreign currency": This option accurately explains the meaning of a stronger currency. When a currency becomes stronger, it means that it can be exchanged for a larger amount of foreign currency, indicating that the value of the currency has increased.

c) "Services, unlike goods, can be exported freely": This option discusses the export of services but does not directly address the concept of a stronger currency.

d) "There are very few things that the currency cannot buy in a foreign market": This option suggests that a stronger currency can buy almost anything in a foreign market, but it does not clearly explain the concept of a stronger currency.

Based on the analysis, the correct answer is b) "It can be exchanged for more of a foreign currency."