Go to XE.com as I showed you in my lecture and find out how many Brazilian Real (BRL) 1 U.S. Dollar (USD) can buy?You can buy 5.32279 BRL with $1 USD.Using the inverse (as shown on XE.com), how many dollars does it take to buy 1 Brazilian Real (BRL)?You can buy $0.187869 USD with 1 BRL.How many U.S. Dollars is the 100 Real bill worth in the picture.It is worth $18.79 USDUsing the terminology from Chapter 29, what type of demand did I have for Brazilian Real when I wanted to buy souvenirs?  Define that term.You had the demand for foreign currency.  Demand for foreign currency occurs when people want to buy foreign goods and services.If the U.S. Dollar "appreciates" compared to the Brazilian Real, explain what would happen to the amount of Brazilian Real demanded by us, and why?If the U.S. dollar appreciates (value goes up), the amount of Brazilian Real demanded would go up. This is because as the U.S. dollar becomes more valuable, it takes more BRL dollars to match the U.S. DollarIf you could take a vacation, would you rather explore the Amazon River by boat, or would you rather relax by a beach?  Why?