Terrance lives in Iraq. He exports fine Persian rugs to the United States. Iraq's currency, the dinar, has recently lost value compared to the dollar. Which statement explains how this change in currency value would affect Terrance's business?
Sales of the rugs would likely decrease. U. S. buyers will get fewer dinars for each dollar.
Sales of the rugs would likely increase. U. S. buyers will get more dinars for each dollar.
Sales of the rugs would likely decrease. U. S. buyers will get more dinars for each dollar.
Sales of the rugs would likely increase. U. S. buyers will get fewer dinars for each dollar.