The United States and Saudi Arabia engage in trade. The Saudi riyal appreciated significantly compared to the US dollar over the last year. How will this affect the following importers?

Group of answer choices

It will benefit importers in Saudi Arabia because they can purchase the same amount of US goods for fewer riyal than they could one year ago.

It will benefit importers in the United States because they can purchase the same amount of Saudi goods for fewer dollars than they could one year ago.

It will benefit importers in Saudi Arabia because the demand for Saudi goods will have likely have increased among consumers in the United States.

It will benefit importers in the United States because the demand for US goods will have likely have increased among consumers in Saudi Arabia.

The Saudi riyal appreciation will have a direct impact on the trade as now it will benefit the importers in Saudi Arabia because they can purchase the same amount of US goods for fewer riyals than they could one year ago.

What do you mean by appreciation in currency?

Currency appreciation refers to an increase in the value of one currency relative to another in the forex market. Value for currency is not measured in whole words.

It is always measured in terms of the amount measured.

hence, option A is the correct answer.

Learn more about Currency appreciation here:

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