Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

You have the following exchange rate: 2011 MXN1: USD 0.08 2012 MXN1: USD 0.09 How many percent does Mexico Peso (MXN) change during the 2011-2012

You have the following exchange rate:

2011 MXN1: USD 0.08

2012 MXN1: USD 0.09

How many percent does Mexico Peso (MXN) change during the 2011-2012 period.

Include 2 numbers after decimal place.

I calculated 12.5% but it is incorrect.

Then I change to -11.12% and still is incorrect? Why?

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

The End Of Poverty Economic Possibilities For Our Time

Authors: Jeffrey D Sachs, Bono

1st Edition

0143036580, 9780143036586

More Books

Students also viewed these Economics questions