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Maria's Aunt, Juanita, Is Cruising in South America

Question 294

Multiple Choice

Maria's aunt, Juanita, is cruising in South America. Juanita told Maria she would be glad to buy her some jewelry while in one of the ports. She said she will shop in Santiago, Chile, because the exchange rate would be to her benefit. This means


A) the currency in the U.S. is weak against the Chilean currency.
B) the currency in the U.S. will be almost equal to the Chilean currency; otherwise it would not be a good exchange.
C) the currency in the U.S. is devalued.
D) the currency in the U.S. has strength against the Chilean currency.

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