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please show all work in steps on a piece of paper if possible. Exercises: The Foreign Exchange Market and Exchange Rate Determination EXERCISE 1 (Exchange

please show all work in steps on a piece of paper if possible. image text in transcribed
Exercises: The Foreign Exchange Market and Exchange Rate Determination EXERCISE 1 (Exchange rate determination) The exchange rate has changed from 0.93 $/C to 0.99 $/. a) By how much has the euro appreciated against the dollar? b) By how much did the dollar depreciated against the euro

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