Question
The USD to Colombian Peso exchange rate in January 2020 was 3,500 Colombian Pesos per dollar. The current exchance rate is 5,000 Colombian Pesos per
The USD to Colombian Peso exchange rate in January 2020 was 3,500 Colombian Pesos per dollar. The current exchance rate is 5,000 Colombian Pesos per dollar. Now Answer:
1.1 Has the Colombian Peso depreciated or appreciated versus the USD?
1.2 How much in % has the Colombian Peso depreciated or appreciated versus the USD?
1.3 You are planning to go to Bogota, Colombia for a short vacation this January. A Big Mac costs in Bogota 16,450 Colombian Pesos, in USA the Big Mac costs $5.65. Will you find Colombia expensive or cheap compared with USA? And why?
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Public Finance In Canada
Authors: Harvey S. Rosen, Ted Gayer, Jean-Francois Wen, Tracy Snoddon
5th Canadian Edition
1259030776, 978-1259030772
