1. Exchange rate basics Suppose that yesterday, the U.S. dollar-Euro exchange rate was $1=0.713546$1=0.713546. The price of one Euro in terms of a U.S. dollar
1. Exchange rate basics
Suppose that yesterday, the U.S. dollar-Euro exchange rate was $1=0.713546$1=0.713546. The price of one Euro in terms of a U.S. dollar was .
Suppose that today the U.S. dollar-Euro exchange rate falls to $1=0.702085$1=0.702085 for one dollar. This means that between yesterday and today, the U.S. dollar has against the Euro. The price of a Mexican peso in terms of the U.S. dollar is now .
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Authors: Thomas Ittelson
1st Edition
1632652072, 978-1632652072
