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17.1 For each of the cases given below, indicate whether the euro has appreciated or depreciated. (2 pts each) a. The spot exchange rate changes

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17.1 For each of the cases given below, indicate whether the euro has appreciated or depreciated. (2 pts each) a. The spot exchange rate changes from 450 euros per Mexican peso to 440 euros per Mexican peso. b. The spot exchange rate changes from 0.011 Mexican pesos per euro to 0.006 Mexican pesos per euro

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