Question

Travis takes two trips to Ecuador. On his first trip, he finds that one US dollar is worth 25,000 Ecuadorian Sucre. On his return trip, he finds that the dollar is now worth 26,000 Ecuadorian Sucre. What is a LIKELY result of this change in exchange rates?

Answer 1

Answer: B

Step-by-step explanation:

Answer 2

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.