Question
During 1995, the Mexican peso exchange rate rose from Mex$5.33/U.S.$ to Mex$7.64/U.S.S. At the same time, U.S. inflation was approximately 3% in contrast to Mexican
During 1995, the Mexican peso exchange rate rose from Mex$5.33/U.S.$ to Mex$7.64/U.S.S. At the same time, U.S. inflation was approximately 3% in contrast to Mexican inflation of about 48.7%.
a.
By how much did the nominal value of the peso change during 1995?
b.
By how much did the real value of the peso change over this period?
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Banking And Beyond The Evolution Of Financing Along Traditional And Alternative Avenues
Authors: Caterina Cruciani, Gloria Gardenal , Elisa Cavezzali
1st Edition
3030457516,3030457524
