Famous quote by Robert C. Solomon

Mobile Desktop
The prices of all imports would rise if the dollar depreciates
Like

"The prices of all imports would rise if the dollar depreciates"

- Robert C. Solomon

About this Quote

The quote by Robert C. Solomon is describing the impact of a depreciating dollar on the prices of imports. When the value of the dollar reduces, it takes more dollars to purchase the exact same quantity of foreign currency. This means that the expense of imports, which are priced in foreign currency, will increase. For example, if the dollar depreciates by 10%, then the expense of imports will increase by 10%. This is due to the fact that the same quantity of foreign currency will now cost 10% more in US dollars. This increase in the expense of imports will be passed on to customers, resulting in higher costs for imported products.

About the Author

USA Flag This quote is written / told by Robert C. Solomon between September 14, 1942 and January 2, 2007. He was a famous Educator from USA. The author also have 18 other quotes.

Go to author profile

Similar Quotes

Small: Only as long as a company can produce a desired, worthwhile, and needed product or service, and can command th
"Only as long as a company can produce a desired, worthwhile, and needed product or service, and can command the public, will it receive the public dollar and succeed"
Curtis Carlson, Businessman
Small: I went to school at this log school house. A white woman was my teacher, I do not remember her name. My father
Joe Davis
"I went to school at this log school house. A white woman was my teacher, I do not remember her name. My father had to pay her one dollar a month for me. Us kids that went to school did not have desks, we used slates and set on the hued down logs for seats"
Joe Davis, Celebrity
Small: Republicans are for both the man and the dollar, but in case of conflict the man before the dollar - Abraham L
Abraham Lincoln
"Republicans are for both the man and the dollar, but in case of conflict the man before the dollar"
Abraham Lincoln, President
Small: The major material advantage, financial advantage from having a reserve currency is that between 200 and 300 b
"The major material advantage, financial advantage from having a reserve currency is that between 200 and 300 billion dollar bills, that may be twenty, fifty, hundred dollar bills as well as ones, exist in the world - a lot of them in Russia as you all know I'm sure"
Robert C. Solomon, Educator
Small: I never earned a dollar that was not somehow through writing - Walter Lord
"I never earned a dollar that was not somehow through writing"
Walter Lord, Author
Small: My price is five dollars for a miniature on ivory, and I have engaged three or four at that price. My price fo
"My price is five dollars for a miniature on ivory, and I have engaged three or four at that price. My price for profiles is one dollar, and everybody is willing to engage me at that price"
Samuel Morse, Inventor
Small: I really wish there was some big brother conspiracy theory. I just think its the ignorance of trying to make a
"I really wish there was some big brother conspiracy theory. I just think it's the ignorance of trying to make a dollar. That's what the networks have done and will continue to do. If anyone doesn't think that this is about making money, then they're crazy"
Montel Williams, Entertainer
Small: The value of a dollar is social, as it is created by society - Ralph Waldo Emerson
Ralph Waldo Emerson
"The value of a dollar is social, as it is created by society"
Ralph Waldo Emerson, Philosopher
Small: Too many of us look upon Americans as dollar chasers. This is a cruel libel, even if it is reiterated thoughtl
Albert Einstein
"Too many of us look upon Americans as dollar chasers. This is a cruel libel, even if it is reiterated thoughtlessly by the Americans themselves"
Albert Einstein, Physicist
Small: Stock prices have been quoted in fractions for two centuries, based on a system descended from Spanish pieces
"Stock prices have been quoted in fractions for two centuries, based on a system descended from Spanish pieces of eight. Each dollar was cut into eight bits worth 12.5 cents each"
Charles A. Jaffe, Businessman