Question
The exchange rate of the U.S. Dollar ($) against the European Euro () was 1.00 = $1.30 two years ago. Today, the exchange rate
The exchange rate of the U.S. Dollar ($) against the European Euro () was 1.00 = $1.30 two years ago. Today, the exchange rate is 1.00 = $1.10. How has this change impacted the following (increase, decrease, remained the same, etc., provide some explanation): (16 pts) A. The expenses incurred by American tourists in Europe. B. The volume of American exports to European countries. C. The U.S. balance of trade with European countries. D. The return on American investments in Europe, when these returns are repatriated to the U.S.
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