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I import mechanical parts from Senegal. My business is here in the DFW area. I read in the newspaper that Senegal will raise interest rates
I import mechanical parts from Senegal. My business is here in the DFW area. I read in the newspaper that Senegal will raise interest rates next month. If I am a rational businessperson, what should I consider doing? Select the best answer choice below. A. I should consider importing more mechanical parts from Senegal now, before interest rates increase in Senegal because if interest rates increase in Senegal, the value of their currency will depreciate, making it more expensive for me to import these parts. B. I should consider waiting until interest rates actually increase in Senegal. It will be cheaper for me to import parts from Senegal if the value of their currency increases C. I should consider waiting until interest rates increase in Senegal. It will be cheaper for me to import parts from Senegal if the value of their currency decreases. D. I should consider importing more mechanical parts from Senegal now, before interest rates increase in Senegal because if interest rates increase in Senegal, the value of their currency will appreciate, making it more expensive for me to import these parts
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