a) Given that the rupee depreciates by 89% against the dollar, calculate the implied appreciation

of the dollar against the rupee. [Ans. = 809%]

b) The US mortgage index declined sharply by 75% at the height of the recent great recession.

Compute the percentage increase in the index required to restore it to its previous peak. =300%

c) If the dollar appreciates by 750% against the peso, obtain the implied depreciation of the peso

against the dollar. [Ans. = -88.24%]