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Problem 4: Blades , Inc . Case ( Madura 1 1 edition , Chapter 4, pp . 120- 121) ( 5 points ) 1 .

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Problem 4: Blades , Inc . Case ( Madura 1 1 edition , Chapter 4, pp . 120- 121) ( 5 points ) 1 . How are percentage changes in a currency's value measured ?" Illustrate Your answer numerically by assuming a change in the Thai baht's value from a value of $0 . 022 to $0. 026. ( 0. 5 point ) 2. What are the basic factors that determine the value of a currency ? In equilibrium , what is the relationship between these factors ? ( 0.5 point ) How might the relatively high levels of inflation and interest rates have affected the baht's

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