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Describe what effect this change will have on janes

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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.

Reference no: EM131512894

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