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Papessa [141]
3 years ago
9

Travis takes two trips to Ecuador. On his first trip, he finds that one US dollar is worth 25,000 Ecuadorian Sucre. On his retur

n trip, he finds that the dollar is now worth 26,000 Ecuadorian Sucre. What is a LIKELY result of this change in exchange rates?
History
1 answer:
guajiro [1.7K]3 years ago
4 0
<span>The dollar has gained strength or the Ecuadorian dollar has lost value. There are a number of factors that could influence exchange rates such as interest and inflation. Also, a unstable government could cause a decrease in monetary value.</span>
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