Refer to the News Wire and answer the questions that follow. NEWS WIRE CURRENCY APPRECIATION Paris Just Got Cheaper for American Tourists Paris, France. Americans
Refer to the News Wire and answer the questions that follow. NEWS WIRE CURRENCY APPRECIATION Paris Just Got Cheaper for American Tourists Paris, France. Americans may discover some bargains in Paris this summer. Since the beginning of the year, the U.S. dollar has strengthened considerably, making everything in Paris a bit cheaper. In February a dollar bought 0.80 euros; today, the same dollar is worth 0.88 euros. What does that mean for American tourists? Admission to the Eiffel Tower still costs 10 euros, but the dollar price has dropped from $12.50 to $11.36. Tickets to the Louvre museum (15 euros) have fallen from $18.75 to $17.05 for American tourists. And for big spenders, the fixed price of the gourmet lunch at Le Cing has fallen from $250 to a mere $227. Vive la Paris! Source: Federal Reserve Board of Governors, August 2018. If an admission ticket to Disney World in Florida cost $116, what was the euro price of the ticket in a. February 2018? euros b. August 2018? euros
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