A tourist going to Europe would be happy if the real exchange rate ($/€)increased.

Name: A tourist going to Europe would be happy if the real exchange rate ($/€)increased.
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Question

Quizplus · Accepted Answer

A tourist going to Europe would prefer a lower exchange rate ($/€) as it would mean their currency can purchase more euros, making their trip more affordable. A higher exchange rate would mean they would need to spend more dollars to get the same quantity of euros.

A Tourist Going to Europe Would Be Happy If the Real