Question
The Venezuelan government officially floated the Venezuelan bolivar (Bs) in February 2002. The pre-float fix was Bs778/$ and six weeks later the rate was Bs1025/$.
The Venezuelan government officially floated the Venezuelan bolivar (Bs) in February 2002. The pre-float fix was Bs778/$ and six weeks later the rate was Bs1025/$. By what percentage did its value change relative to the dollar?
Group of answer choices
-31.75%
-24.10%
+24.10%
+31.75%
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Computational Techniques In Economics And Finance
Authors: Constantin Zopounidis
1st Edition
1613245580, 978-1613245583
