Solved: Describe what effect this change will have on janes ability, Business Economics

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Describe what effect this change will have on janes ability

Janes is going to travel to Italy. The currency used in Italy is the euro. When Janes planned for the trip, the exchange rate was 1 USD = 1.40 euros. On the day Janes exchanges her money, she discovers that the exchange rate is now 1 USD = 0.80 euros. Describe what effect this change will have on Janes' ability to make purchases in Italy and explain why.

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Business Economics: Describe what effect this change will have on janes ability

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