One U.S. dollar was worth 16 Mexican pesos in 2009, but in 2011 the U.S. dollar was worth 14 Mexican pesos. This means people receive a lower value in Mexican currency for their U.S. currency. What is a likely result of this change in the U.S. dollar’s exchange value?
It will cost more for Mexicans to vacation in the United States in 2011.
Americans will pay less for goods produced in Mexico in 2011.
Mexicans will pay more for goods produced in the United States in 2011.
It will cost less for Americans to vacation in Mexico in 2011.