Suppose that the euro () appreciates from $1.00 per 1 to $1.20 per 1.Determine whether the underlined individuals listed below would see that appreciation as a good or a bad thing.

a. A U.S. business buys 10,000 of chemicals from a German company.

b. An Italian clothing company buys $100,000 of leather from a U.S. leather maker.

c. A U.S. resident has a retirement account totaling 500,000 in a German bank.

d. A U.S. company must make an interest payment of 25,000 to the French bank from which it borrowed last year.