Suppose when you cashed in your CD in Ireland a year from now, the exchange rate had changed from US$1 for €.80 Euro, to US$1 to €.85 . How much would your Irish bank account be worth in US$ at that point? Did you do better off leaving your winnings in Ireland or bringing them home to the USA?
Copyright © 2024 1QUIZZ.COM - All rights reserved.
Answers & Comments
Verified answer
If the value of the $ has risen against the €, then clearly you get less $ for your €, and you would have been better off exchanging the money now.
CD? Isn't that something that pre-dated the MP3?