A stronger euro will benefit a Dutch tourist visiting Chile by
Select the correct answer below:
increasing the amount of Chilean goods the Dutch tourist can purchase
O decrease the amount of Chilean goods the Dutch tourist can purchase
increase the amount of Dutch goods a Chilean can purchase
not effecting the purchasing power of either a euro or a peso

Question

29-04-2024
Social Studies

Answered

A stronger euro will benefit a Dutch tourist visiting Chile by
Select the correct answer below:
increasing the amount of Chilean goods the Dutch tourist can purchase
O decrease the amount of Chilean goods the Dutch tourist can purchase
increase the amount of Dutch goods a Chilean can purchase
not effecting the purchasing power of either a euro or a peso

Answer :

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GinnyAnswer GinnyAnswer · Answer 1 · 2024-04-29T02:21:54-04:00

The correct answer is: increasing the amount of Chilean goods the Dutch tourist can purchase. Explanation: 1. When the euro strengthens against the Chilean peso, it means that the euro has more purchasing power compared to the peso. 2. This increased purchasing power of the euro allows the Dutch tourist to exchange their euros for more Chilean pesos, making Chilean goods more affordable for them. 3. As a result, the Dutch tourist can purchase a greater quantity of goods and services in Chile due to the stronger euro.