11. Venezuelan Bolivar (A). The Venezuelan govern- ment officially floated the Venezuelan bolivar (Bs) in February 2002....
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11. Venezuelan Bolivar (A). The Venezuelan govern- ment officially floated the Venezuelan bolivar (Bs) in February 2002. Within weeks, its value had moved from the pre-float fix of Bs778/$ to Bs1025/$.
a. Is this a devaluation or a depreciation?
b. By what percentage did its value change?
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Related Book For 
Fundamentals Of Multinational Finance
ISBN: 9780321541642
3rd Edition
Authors: Michael H. Moffett, Arthur I. Stonehill, David K. Eiteman
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