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Suppose 80% of U.S. trade is with England and the rest is with Japan. If the dollar weakened by 30% against the pound and strengthened

Suppose 80% of U.S. trade is with England and the rest is with Japan. If the dollar weakened by 30% against the pound and strengthened by 20% against the yen, what is the percentage change in the effective exchange rate of the United States?

  • A. +10%

  • B. +20%

  • C. -10%

  • D. -20%

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