Question: On the day you arrive in England the exchange rate
On the day you arrive in England, the exchange rate for U.S. dollars and British pounds is $1:£0.58. While you remain in England for the next two weeks, the exchange rate falls to $1:£0.54. When you entered England, you converted $4,200 to pounds. As you leave England, you have £135. How much did you spend in England in U.S. dollars? Did the movement in the exchange rate help or hurt you?
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