1. If the U.S. dollar increases in value how does that affect the American traveling in Europe? How would it affect the Korean visiting the United States?
2. The exchange rate for money entering Mexico is $1=10.80 pesos. During your visit to Mexico the exchange rate changes to $1=11.00 pesos. If you took $500 into the country exchanged it for pesos and then left with 500 pesos, how many dollars worth of pesos would you have when you exchanged it back into dollars?