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At the beginning of your vacation to Colombia, the exchange rate between Colombian Peso (COP) and dollar in Miami was COP 3,200.00/$. At the end
At the beginning of your vacation to Colombia, the exchange rate between Colombian Peso (COP) and dollar in Miami was COP 3,200.00/$. At the end of your vacation, it was COP
3,(318)/($)
. This is:\ An appreciation of the dollar.\ A depreciation of COP.\ Two answers in this question are correct.\ A depreciation of the dollar.\ An appreciation of COP.
At the beginning of your vacation to Colombia, the exchange rate between Colombian Peso (COP) and dollar in Miami was COP 3,200.00/$. At the end of your vacation, it was COP 3,318/$. This is: An appreciation of the dollar. A depreciation of COP. Two answers in this question are correct. A depreciation of the dollar. An appreciation of COP.
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