Describe what effect this change will have on annettes


Question: Annette is going on a trip to France. The currency used in France is the euro. When Annette planned for the trip, the exchange rate was 1 United States dollar = 1.40 euros. On the day Annette exchanges her money, she discovers that the exchange rate is now 1 United States dollar = 0.80 euros. Describe what effect this change will have on Annette's ability to make purchases in France and explain why.

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Business Economics: Describe what effect this change will have on annettes
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