Question
Question 8 Over the past year, China has experienced an inflation rate of 22 percent, in contrast to the U.S. inflation of 3 percent. At
Question 8 Over the past year, China has experienced an inflation rate of 22 percent, in contrast to the U.S. inflation of 3 percent. At the same time, the exchange rate has gone from Y8.7 per U.S.$1 to Y8.3 per U.S.$1.
Calculate the change in the real value of the yuan over the past year.
ANSWER = 24.2%
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Listed Volatility And Variance Derivatives
Authors: Yves Hilpisch
1st Edition
1119167914, 978-1119167914
