1. A week ago, a euro cost $1.05. Today, a euro costs $1.14.

What is the percent change in the value of the euro?

What happened to value of the two currencies?

Check all that apply:

- The dollar depreciated.

- The euro depreciated.

- The euro appreciated.

- The dollar appreciated.

2. The expected inflation rate is 1%.

What is the approximate nominal interest rate if the real rate of interest is 1.6%?

3.

A week ago, a euro () cost $1.12. Today, a euro costs $1.21. A week ago, a British pound () cost $1.33. Today, a pound costs $1.35.

What was the value of a euro in British pound a week ago?

What is the value of a euro in British pound today?

What is the percent change in the value of the euro? Use input numbers with at least 5 decimal places in your calculation, not the rounded numbers shown in parts 1 and 2.

What happened to value of the two currencies?

Check all that apply:

- The euro appreciated against the pound.

- The euro depreciated against the pound.

- The pound appreciated against the euro.

- The pound depreciated against the euro.