Question
Assume the spot rate of the Australian dollar is Euro 0.7156 per AUD 1. if Euro depreciates by 6 % the exchange Rate for 1
Assume the spot rate of the Australian dollar is Euro 0.7156 per AUD 1. if Euro depreciates by 6 % the exchange Rate for 1 AUD is ?
Ans is Euro = 0.7613
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