1. The dollar appreciated by 25% relative to the yen and the direct exchange rate is now 1 in the US. Find the old exchange rate prior to the dollar appreciation. 2. Find the rate of appreciation of the yen. 3. Find the rate of change of the direct exchange rate of the yen in the US.
1. The dollar appreciated by 25% relative to the yen and the direct exchange rate is now 1 in the US. Find the old exchange rate prior to the dollar appreciation. 2. Find the rate of appreciation of the yen. 3. Find the rate of change of the direct exchange rate of the yen in the US.
Economics (MindTap Course List)
13th Edition
ISBN:9781337617383
Author:Roger A. Arnold
Publisher:Roger A. Arnold
Chapter34: International Finance
Section34.3: Fixed Exchange Rates
Problem 3ST
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1. The dollar appreciated by 25% relative to the yen and the direct exchange rate is now 1 in the US. Find the old exchange rate prior to the dollar appreciation.
2. Find the rate of appreciation of the yen.
3. Find the rate of change of the direct exchange rate of the yen in the US.
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