Margaret, who lives in Des Moines, has been saving for years in order to make a trip to England. She would be happy if the dollar suddenly depreciates in value against the pound.

Question

Quizplus · Accepted Answer

If the dollar depreciates in value against the pound, Margaret would need more dollars to buy the same amount of pounds, making her trip to England more expensive.

Margaret, Who Lives in Des Moines, Has Been Saving for Years