Question

Who benefits and who suffers from a fall in the exchange rate from 7.0 French francs/$1 to 5.5 French francs/$1?

All importers suffer, and all exporters benefit.
All exporters suffer, and all importers benefit.
French exporters and U.S. importers benefit, and French importers and U.S. exporters suffer.
U.S. exporters and French importers benefit, and U.S. importers and French exporters suffer.

Answer 1

value of franc has gone up relative to dollar.
So U.S products seem less expensive to french. French product will seem much more expensive to U.S

So
U.S. exporters and French importers benefit, and U.S. importers and French exporters suffer.

Answer 2

alright im getting this one now maybe