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International Economics Suppose that last year, the 12-month interest rates for the Australia and the Greece are 6.6% and 3.9% respectively, and that the Australian

International Economics

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Suppose that last year, the 12-month interest rates for the Australia and the Greece are 6.6% and 3.9% respectively, and that the Australian dollar price of a euro is $1.48. Given this information, what was the percentage change in the exchange rate over the year? Round to two decimal places. Enter a number like 2% as "2.00" and not "0.02."

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