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Suppose that a new trade agreement between Australia and New Zealand causes the exchange rate to change from NZD1.10/AUD to NZD1.20/AUD. Which currency has appreciated
Suppose that a new trade agreement between Australia and New Zealand causes the exchange rate to change from NZD1.10/AUD to NZD1.20/AUD. Which currency has appreciated as a result of this trade agreement and by what percent? Neither currency has appreciated NZD by 8.3% AUD by 9.1% NZD by 9.1% AUD by 8.3%
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Modern Principles of Economics
Authors: Tyler Cowen, Alex Tabarrok
3rd edition
1429278390, 978-1429278416, 1429278412, 978-1429278393
