Question
1. Suppose that 1 Swedish krona could be purchased in the foreign exchange market today for $0.48. If the krona appreciated 4% tomorrow against the
1. Suppose that 1 Swedish krona could be purchased in the foreign exchange market today for $0.48. If the krona appreciated 4% tomorrow against the dollar, how many kronas would a dollar buy tomorrow? Do not round intermediate calculations. Round your answer to two decimal places.
2. Suppose that 1 Swedish krona could be purchased in the foreign exchange market today for $0.48. If the krona appreciated 4% tomorrow against the dollar, how many kronas would a dollar buy tomorrow? Do not round intermediate calculations. Round your answer to two decimal places.
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