Question
Before the war in Ukraine, Russia accepted that its oil exports were paid in dollars. a) In this situation, explain how a depreciation of the
Before the war in Ukraine, Russia accepted that its oil exports were paid in dollars.
a) In this situation, explain how a depreciation of the Russian ruble affects the value of oil exports in terms of the Russian ruble.
b) After the start of the war, Russia demanded that oil be paid in ruble. Explain how that affected the value of the ruble.
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Managerial Economics and Organizational Architecture
Authors: James Brickley, Clifford W. Smith Jr., Jerold Zimmerman
6th edition
73523143, 73523149, 978-0073523149
