In doing all the calculations, round to two decimal places.

1. Given the following currency exchange rates:

Time period 1: US$1.05/

Time period 2: US$1.35/

a. From time period 1 to time period 2, US$ has appreciated in value relative to .

A) True

B) False

b. From time period 1 to time period 2, has depreciated in value relative to US$.

A) True

B) False

c. In time period 1, the price of Product A was US$39,500. Calculate its price in .

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d. In time period 2, the price of Product A was US$39,500. Calculate its price in .

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e. In time period 1, the price of Product B was 23,500. Calculate its price in US$.

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f. In time period 2, the price of Product B was 23,500. Calculate its price in US$.

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2. Given the following currency exchange rates:

Time period 1: C$0.95/S$

Time period 2: C$0.75/S$

a. From time period 1 to time period 2, C$ has depreciated relative to S$.

A) True

B) False

b. Calculate the % change of the value of C$ from time period 1 to time period 2. You need to show the calculation in order to receive full credit.

c. From time period 1 to time period 2, S$ has appreciated relative to C$.

A) True

B) False

d. Calculate the % change of the value of S$ from time period 1 to time period 2.

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