Answered step by step
Verified Expert Solution
Question
00
1 Approved Answer
One month ago, the spol rate for the Canadian dollar (CAD) was 1CAD=0.77 USD. Today, you observe that the spot rate is 1 CAD =
One month ago, the spol rate for the Canadian dollar (CAD) was 1CAD=0.77 USD. Today, you observe that the spot rate is 1 CAD = 0 T8 USO. How ituch hae the valtie Canodian dollar appreciated (+) or depreciated () relative to the US dollar? Submit your final answor as a porcentage rounded to two decinal places (Ex. 0 00th) (Supmi appreciation as a positive and a cuirency depreciation as a negative.) was 1 CAD =0.77 USD. Today, you observe that the spot rate is 1CAD=0.78 USD. How much has the value of the o the US dollar? Submit your final answer as a percentage rounded to two decimal places (Ex, 0.00\%). (Submit a currency negative.)
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access with AI-Powered Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started