Question
Use the following information to answer the next three questions. Currency 2015 2016 2017 Yen () .002/ 550/ 575/ Euros () 1.04/ .95/ 1.25/ US
Use the following information to answer the next three questions.
| Currency | 2015 | 2016 | 2017 |
| Yen (¥) | £.002/¥ | ¥550/£ | ¥575/£ |
| Euros (€) | €1.04/£ | £.95/€ | €1.25/£ |
| US dollars | $1.20/£ | $1.25/£ | £.64/$ |
Find the percentage appreciation/depreciation of the pound from the US point of view from 2015-2016.
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Fundamental Accounting Principles Volume II
Authors: Larson Kermit, Jensen Tilly
14th Canadian Edition
71051570, 0-07-105150-3, 978-0071051576, 978-0-07-10515, 978-1259066511
