Question
In mid-February, 2022, the Russian ruble stood at 75.0345 per U.S. dollar. Nearly three months after Russia initiated its special military operation in the Ukraine,
In mid-February, 2022, the Russian ruble stood at 75.0345 per U.S. dollar. Nearly three months after Russia initiated its special military operation in the Ukraine, the ruble was trading at 64.3750/USD. Therefore, over that period:
a. The ruble appreciated by 16.56% versus the USD
b. The ruble dereciated by 14.21% versus the USD
c. The ruble appreciated by 14.21% versus the USD
d. The ruble depreciated by 16.56% versus the USD
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Multinational Business Finance
Authors: David K. Eiteman, Arthur I. Stonehill, Michael H. Moffett
14th edition
133879879, 978-0133879872
