Suppose that the euro (€) appreciates from $1.00 per €1 to $1.20 per €1. Determine whether the underlined individuals listed below would see that appreciation as a good or a bad thing.
a. A U.S. business buys €10,000 of chemicals from a German company.
b. An Italian clothing company buys $100,000 of leather from a U.S. leather maker.
c. A U.S. resident has a retirement account totaling €500,000 in a German bank.
d. U.S. company must make an interest payment of €25,000 to the French bank from which it borrowed last year.