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4. During December, 1994, the Mexican Government indicated it intended to develue the peso by 14% against the US. dollar. Such a devaluation would represent

4. During December, 1994, the Mexican Government indicated it intended to develue the peso by 14% against the US. dollar. Such a devaluation would represent a revaluation of the US. dollar against the peso of what magnitude? A. 12.3% B. 14.0% C. 16.3% D. Not enough information has been provided

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