As the dollar price of a euro increases

Name: As the dollar price of a euro increases
Brand: Quizplus
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Question

Quizplus · Accepted Answer

When the dollar price of a euro increases, it means that the euro has become more expensive relative to the dollar. This makes goods priced in euros more expensive for those holding dollars, but conversely, it makes goods priced in dollars cheaper for those holding euros. Therefore, Europeans (who use euros) will find Canadian goods (priced in dollars) more affordable and will desire to purchase more of them.

As the Dollar Price of a Euro Increases