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On August 8, 2009, Zimbabwe changed the value of the Zimbabwe dollar from Z 40/$ to Z 60/$. What was the original U.S. dollar value
On August 8, 2009, Zimbabwe changed the value of the Zimbabwe dollar from Z 40/$ to Z 60/$. What was the original U.S. dollar value of the Zimbabwe dollar ( $ / Z) ? What is the new U.S. dollar value of the Zimbabwe dollar ( $ / Z)?
Calculate by what percent has the Zimbabwe dollar appreciated (depreciated) relative to the U.S. dollar? conclude
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