General Securities Representative (Series 7) Practice Exam

Disable ads (and more) with a membership for a one time $2.99 payment

Prepare for the General Securities Representative (Series 7) Exam. Study with flashcards and multiple choice questions, each featuring hints and explanations. Get ready to succeed!

Start Multiple Choice Practice Test
Start Flash Cards

Each practice test/flash card set has 50 randomly selected questions from a bank of over 500. You'll get a new set of questions each time!

Practice this question and more.

How does the devaluation of the US dollar typically affect US exports?

  1. Exports become less expensive for foreign buyers

  2. Exports become more expensive for foreign buyers

  3. There is no change in export prices

  4. Exports are banned

The correct answer is: Exports become less expensive for foreign buyers

The devaluation of the US dollar typically makes US exports less expensive for foreign buyers. When the value of the dollar decreases relative to other currencies, it takes fewer units of foreign currency to purchase the same amount of goods priced in US dollars. This reduced relative cost can make US products more attractive in international markets, facilitating increased demand for these exports. As a result, businesses in the US might experience a boost in export sales, as foreign consumers are incentivized to buy goods that are now more affordable due to the currency's devaluation. This effect can enhance the competitiveness of US products on the global stage, leading to greater export growth.

More Questions Like This