Question
1. Suppose there is a small decrease in the income level in Mexico and a large decrease in the U.S. income level. Everything else equal,
1. Suppose there is a small decrease in the income level in Mexico and a large decrease in the U.S. income level. Everything else equal, what is likely to happen to value of the MXN?
2. The USD depreciates 5% versus the JPY. The USD appreciates 1% versus the MXN. What is the approximate appreciation or depreciation we might see in the JPY/MXN cross exchange rate?
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Personal Finance Turning Money Into Wealth
Authors: Arthur J. Keown
6th Edition
0132719169, 978-0132719162
