During the Christmas season of 2007,many Europeans flew to New York and Boston to shop for gifts,claiming that their money seemed to go much further in the United States than it did in their own countries.This suggests that the U.S.dollar was weak relative to the euro in late 2007.

Question

Quizplus · Accepted Answer

If Europeans found that their money went further in the United States, then it indicates that the U.S. dollar was weak relative to the euro. This is because they could purchase more with their euros in the U.S. than they could in their own countries.

During the Christmas Season of 2007,many Europeans Flew to New