Asked by
Taylor Rodriguez
on Nov 12, 2024
Verified
If an American citizen is planning to visit wildlife reserves in Kenya,he will hope that the U.S.dollar appreciates against Kenyan shillings.
U.S. Dollar
The official currency of the United States of America, commonly used worldwide as a reserve currency and standard for international trade.
Kenyan Shillings
The official currency of Kenya, which is subdivided into 100 cents.
- Recognize the effects of currency appreciation and depreciation on trade and personal finance.
Verified Answer
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Learning Objectives
- Recognize the effects of currency appreciation and depreciation on trade and personal finance.