What effect does the value of a nation's currency have on the price of that nation's
imports and exports?
O When a nation has a currency with a high value, the country's imports are less
expensive, and its exports are less expensive to foreign nations.
OWhen a nation has a currency with a high value, the country's imports are less
expensive, whereas its exports are more expensive to foreign nations.
OWhen a nation has a currency with a high value, the country's imports are more
expensive, and its exports are more expensive to foreign nations.
O When a nation has a currency with a high value, the country's imports are more
expensive, whereas its exports are less expensive to foreign nations.

A higher-valued currency makes a country's imports less expensive and its exports more expensive in foreign markets. A lower-valued currency makes a country's imports more expensive and its exports less expensive in foreign markets. A higher exchange rate can be expected to worsen a country's balance of trade, while a lower exchange rate can be expected to improve it.

Explanation:

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