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Suppose that the Argentina Peso devalues by 55% against the U.S. dollar. By how much did the dollar appreciate against the Peso? a) 45% b)

Suppose that the Argentina Peso devalues by 55% against the U.S. dollar. By how much did the dollar appreciate against the Peso?

a) 45%

b) 12%

c) 55%

d) 122%

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