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.

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