Which statement would you agree with? (LO2)

a) The exchange rate between the dollar and foreign currencies has no effect on our standard of living.

b) The exchange rate between the dollar and foreign currencies affects our standard of living only when we travel abroad.

c) Our standard of living is raised when we can get more yen, yuan, pounds, and euros for our dollars.

d) Most Americans closely follow changes in the exchange rate between the dollar and foreign currencies.