Question

**Economics question**

Explain what happens in each of the circumstances below. Be sure to describe how different people are affected.

a. The euro rises against the dollar.

b. The euro falls against the dollar.

Answer 1

@SmokeyBrown @Shadow

Answer 2

So from what I know about currency exchange, if the Euro rises against the dollar, that means you can exchange some amount of Euros for a larger amount of dollars than before, and the opposite is true if the Euro falls.
The value of a currency is tied to its stability and its value; if the EU is economically stable or has a growing economy, it's currency will be more valuable.
So, if the Euro rises in value, Europeans would be able to buy more American products for the same amount of money, and the opposite would be true if the Euro falls.
In both cases, Americans and Europeans would be affected in different ways; people in other parts of the world who use dollars or trade with Europe could be affected as well, as I'm sure you can infer.