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Please help me with question 5. Thank you. 4) The spot rate last year was E 1/$. Over the last year the Euro devalued by
Please help me with question 5. Thank you.
4) The spot rate last year was E 1/$. Over the last year the Euro devalued by 25% against the $. This means that against the Euro: a) $ got stronger by 20% b) $ got stronger by 25% c) $ got stronger by 33.3% d) $ got stronger by 38.2% e) none of the above. 5) The new exchange rate is: Use data form question # a) E 0.75/$ b) E 1.25/$ c) E 1.33/$ d) E 1.38/$ e) none of the aboveStep by Step Solution
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