While studying abroad, Joe found that his U.S. dollars did not stretch as far as he had hoped. Every time he exchanged U.S. dollars for euros, he gave up more dollars in exchange for fewer euros. Obviously, the dollar was weak against the euro.

Question

Quizplus · Accepted Answer

A low value of the dollar means a dollar is traded for less foreign currency. This is the case here. A high value of the dollar means a dollar is trading for more foreign currency.

While Studying Abroad, Joe Found That His U