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If the dollar falls by 20% against the euro and rises by 10% against the yen, which of the following values for European and Japanese
If the dollar falls by 20% against the euro and rises by 10% against the yen, which of the following values for European and Japanese trade with the United States are consistent with a 10% increase in the effective exchange rate of the United States? Explain how to calculate it?
A) Europe: 33%; Japan: 66% B) Europe: 66%; Japan: 33% C) Europe: 50%; Japan: 50% D) None of the answer choices is correct.
Solve it correctly please. I will rate accordingly. Ty-ped answer only. Multiple votes will be given.
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