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Question 20: Assume that the exchange rates of the Mexican peso are as below: Today Last month USD/MXN 19.16 22.20 Over the month, the peso:

Question 20:

Assume that the exchange rates of the Mexican peso are as below:

Today Last month

USD/MXN 19.16 22.20

Over the month, the peso:

Question 20 options:

Appreciated against the dollar

Depreciated against the dollar

No change in value relative to the dollar

Depreciated against the euro

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