An exchange rate is the rate at which one currency will be exchanged for another. When the U.S. Dollar-Euro exchange rate increased, it cost more to import European cars to America.
- The World's a Stage: An Undergrad's Dreary London Adventure Sparks New PossibilitiesCollege students often live for their junior year abroad – a chance to explore new cultures, meet faraway friends and delight in what is, for many, their first real adventure in a completely different time zone. University of Pennsylvania student Leigh Silver boarded a plane for London last fall with all those expectations, only to soon find out that she “just didn’t fit in.” Silver was able to look beyond her discontent to discover a whole new career path.
- Deconstructing the Investment Bank