Question
On August 8, 2000, Zimbabwe changed the value of the Zim dollar (Z$) from Z$38 US$ to Z$50 US$ . a. What was the original
On August 8, 2000, Zimbabwe changed the value of the Zim dollar (Z$) from Z$38US$ to Z$50US$.
a. What was the original US dollar value of the Zim dollar? What is the new US dollar value of the Zim dollar?
b. What happened to the Zim dollar? What happened to the US dollar (hint: use appreciation/revaluation and depreciation/devaluation?
c. By what percent has the Zim dollar changed relative to the US dollar? Explain your answer.
d. By what percent has the US dollar changed relative to Zim dollar? Explain your answer.
4 digits after the decimal point when calculating or writing exchange rates.
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Trade Union Finance
Authors: Marick F. Masters, Raymond Gibney
1st Edition
1032371382, 978-1032371382
