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Suppose on Sept 1 of 2010, the dollar value of pound is worth $1.25/. By October 1 of the same year, it has moved to

Suppose on Sept 1 of 2010, the dollar value of pound is worth $1.25/. By October 1 of the same year, it has moved to $1.31/. Please answer following two questions:

1. By how much has the pound appreciated or depreciated against the dollar over this 1-month period?

2. By how much has the dollar appreciated or depreciated against the pound over this period?

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