Question: Go to http://fx.sauder.ubc.ca. Using the table labeled The Most Recent Cross-Rates of Major Currencies, determine whether the British pound (GBP), the Canadian dollar (CAD), the

Go to http://fx.sauder.ubc.ca. Using the table labeled “The Most Recent Cross-Rates of Major Currencies,” determine whether the British pound (GBP), the Canadian dollar (CAD), the Japanese yen (JPY), the euro (EUR), and the Swiss franc (CHF) have appreciated or depreciated against the U.S. dollar (USD) since January 4, 2010. The exchange rates on January 4, 2010, are listed in the table in Problem 6 above.

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