In doing all the calculations, round to two decimal places. 1.

Time period 1: HK$4/C$

Time period 2: HK$2/C$

a. From time period 1 to time period 2, C$ has appreciated in value relative to HK$. A) True B) False

b. From time period 1 to time period 2, HK$ has depreciated in value relative to C$. A) True B) False