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UNIT 6 Macroeco CSLESSON 3 ACTIVITY 53 continued) 7. Using the exchange table in Figure 53.1, calculate how much foreign tourists would have to pay

UNIT 6 Macroeco CSLESSON 3 ACTIVITY 53 continued) 7. Using the exchange table in Figure 53.1, calculate how much foreign tourists would have to pay in American meal that costs $60.00. To solve, divide the cost in U.S. dollars their own currency for an by the cost of the foreign currency in U.S. dollars. British pound Canadian dollar European euro Swedish krona Japanese yen Mexican peso- ritish pound anadian dollar May Did the value of the dollar appreciate (strengthen) or depreciate (weaken) against the following currencies between May and August? (Put an X in the appropriate column.) Appreciate Depreciate ropean euro edish krona Aug

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