Question
Country A does 1/3 of their trade with Country B, 1/2 with Country C, and 1/6 with Country D. 1. Last week, 1 A-buck was
Country A does 1/3 of their trade with Country B, 1/2 with Country C, and 1/6 with Country D.
1. Last week, 1 A-buck was worth 9 B bills, 4 C cash and 12 D dollars. What is the value of the currency index?
2. Today, an A buck is worth 6 B bills, 8 C cash, and 9 D dollars. The A buck has appreciated relative to______
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Economics
Authors: Roger A. Arnold
11th edition
1133561675, 978-1133561675
