Explain why a currency depreciation leads to an improvement

Reference no: EM13245939

(a) How is the exchange rate determined in a freely floating rate system? (

(b) For few months, prior to your vacation trip to France, you find that the exchange rate for your U.S. dollar has increased relative to the Euro. If you were a U.S. citizen or resident, are you pleased? Explain.

Reference no: EM13245939

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