An exchange rate between two currencies has increased to 1.4500. If the base currency has appreciated by
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An exchange rate between two currencies has increased to 1.4500. If the base currency has appreciated by 8 percent against the price currency, the initial exchange rate between the two currencies was closest to:
A. 1.3340.
B. 1.3426.
C. 1.5660.
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B is correct The percentage appreciation of the base currency c...View the full answer
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