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1. Over a two-year period, the U.S. dollar equivalent of a euro increased from $1.3310 to 1.4116. Using the indirect quotation method, determine the currency
1. Over a two-year period, the U.S. dollar equivalent of a euro increased from $1.3310 to 1.4116. Using the indirect quotation method, determine the currency per U.S. dollar for each of these dates.
a) Beginning (First) Date: Indirect Quotation = ?
Ending (Second) Date: Indirect Quotation = ?
b) Over a two-year period, the U.S. dollar equivalent of a euro increased from $1.3310 to 1.4116. Determine the percentage change of the euro between these two dates.
Percentage change = ?
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