What advantages would be to us citizens being paid in euros

Reference no: EM131022758

The humorist Dave Barry once wrote the following: "In economic news, the Federal Reserve Board, responding to recession fears and the continued weakening of the dollar, votes unanimously to be paid in euros." Granted that Barry was joking, what advantages would there be to U.S. citizens being paid in euros at a time when the dollar was "weakening"? Why did the dollar lose value against most other currencies beginning in 2002?

Reference no: EM131022758

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