The currency used in Spain is the euro,and the currency used in the U.S.is the dollar.Which of the following will lead to a decrease in the value of Spain's income per capita in dollars?
A) An increase in the dollar per euro exchange rate
B) A decrease in the dollar per euro exchange rate
C) A decrease in the income per capita in the United States
D) An increase in the value of Spain's income per capita in euros

Question

Quizplus · Accepted Answer

A decrease in the dollar per euro exchange rate means that it takes more dollars to purchase one euro. As a result, the value of the income per capita in Spain, when converted to dollars, will decrease.

The Currency Used in Spain Is the Euro,and the Currency