Question
On Friday, August 17, 2018 the Venezuelan Bolivar was trading at USD/VEF=141,572.7958. Just three days later, its value was announced by the government officially as
On Friday, August 17, 2018 the Venezuelan Bolivar was trading at USD/VEF=141,572.7958. Just three days later, its value was announced by the government officially as USD/VEF=248,422.2657. What happened to USD against VEF?
Appreciated by 43.01%
Depreciated by 43.01%
Appreciated by 75.47%
Depreciated by 75.47%
None of the above is correct
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Marketing For Financial Advisors
Authors: Eric Bradlow, Keith Niedermeier, Patti Williams
1st Edition
