Asked by Ericka Eldridge on May 06, 2024
Verified
If you were going to go on a vacation to Italy,you would prefer
A) a strong dollar against the euro.
B) a weak dollar against the euro.
C) a strong euro against the dollar.
D) a weak dollar against all currencies.
Strong Dollar
A situation where the U.S. dollar has a high value compared to other currencies, usually implying greater purchasing power in the international market.
Euro
A currency system utilized by 19 of the total 27 nations in the European Union, widely recognized as the eurozone.
Vacation
A period of time devoted to rest, relaxation, or travel, often taken away from work or daily responsibilities.
- Understand the fluctuations in currency exchange rates and their effects on global commerce and travel.
Verified Answer
SB
Shantel BrownMay 10, 2024
Final Answer :
A
Explanation :
A strong dollar against the euro means that you will get more euros for your dollar. This will make your vacation more affordable and you will have more purchasing power while you are there.
Learning Objectives
- Understand the fluctuations in currency exchange rates and their effects on global commerce and travel.