On August 8, 2000, Zimbabwe changed the value of the Zim dollar from Z$38/US$ to Z$50/US$. a.
Question:
a. What was the original U.S. dollar value of the Zim dollar? What is the new U.S. dollar value of the Zim dollar?
b. By what percentage has the Zim dollar devalued (revalued) relative to the U.S. dollar?
c. By what percentage has the U.S. dollar appreciated (depreciated) relative to the Zim dollar?
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Answer rating: 64% (14 reviews)
a The US dollar value of the Zim dollar prior to devaluation was 00263 13...View the full answer
Answered By
Shehar bano
I have collective experience of more than 7 years in education. my area of specialization includes economics, business, marketing and accounting. During my study period I remained engaged with a business school as a visiting faculty member and did a lot of business research. I am also tutoring and mentoring number of international students and professionals online for the last 7 years.
5.00+
4+ Reviews
10+ Question Solved
Related Book For
Question Posted:
Students also viewed these Finance questions
-
A spaceship moving at constant speed u relative to us broadcasts a radio signal at constant frequency f0. As the spaceship approaches us, we receive a higher frequency f; after it has passed, we...
-
What was Yahoos original strategy? How has this strategy changed under the different CEOs?
-
2. (20 pts) The blank for the spool shown in the figure below is to be sand cast out of A-319, an aluminum casting alloy. Make a sketch of the wooden pattern for this part. Include all necessary...
-
For rigid-body motion, the strains will vanish. Under these conditions, integrate the straindisplacement relations (7.6.1) to show that the most general form of a rigid-body motion displacement field...
-
Nitrogen enters an adiabatic diffuser at 75 kPa, -23oC and 240 m/s. The inlet diameter of the diffuser is 80 mm. It leaves at 100kPa, and 21 m/s. Determine (a) The mass flow rate of the air. (b) The...
-
Do social recommendations increase ad effectiveness? A study of online video viewers compared viewers who arrived at an advertising video for a particular brand by following a social media...
-
Write a program using the programming language of your choice to implement the representation you designed for Review Question 3.3. Have your program solve the problem, and have it show on the screen...
-
A hot-air dryer is used to reduce the moisture content of 1500 kg/mm of wet wood pulp from 0.75 kg H2Ofkg dry pulp to 0.15 wt% H2O. Air is drawn from the atmosphere at 28C, 760 mm Hg, and 50%...
-
What role do issues like child care play in the the process of women advancing to leadership positions? In an interview with Bloomberg, former New Zealand Prime Minister Helen Clark discusses the...
-
Find a parabola y = ax2 + bx + c that passes through the point (1, 4) and whose tangent lines at x = -1 and x = 5 have slopes 6 and - 2, respectively.
-
In 1994, an influx of drug money to Colombia coincided with a sharp increase in its export earnings from coffee and oil. a. What was the likely impact of these factors on the value of the Colombian...
-
In early August 2002 (the exact date is a state secret), North Korea reduced the official value of the won from $0.465 to $0.0067. The black market value of the won at that time was $0.005. a. By...
-
If mass is a form of energy, does this mean that a spring has mass when compressed than when relaxed?
-
Explain fully how to find the values for Net Income, Cash Flow and NPV for the Base case, Worst case and Best case. If variable cost increase by 10% 20 or increase by $2 1.1 Now variable cost 22 ...
-
Calculate the value of equity using the APV Model. Use the following information about HCB Inc. for the next 6 questions. HCB has no non-operating assets. Year Debt FCF Interest rate on debt Tax...
-
Determine the deflection at C (in mm). Let P = 27.1 kN, a = 4 m. Use E = 200 GPa, 1 = 70(106) mm. Do not include the sign. A F a P a B. + a C
-
A group of people are asked to target weighing out 75 lbs for each sample. There were 78 people who participated in this study. The next page shows a control chart of their measurements. The average...
-
Your company bought a new truck this year for $57,000. The truck will be depreciated according to the applicable 7-year MACRS schedule defined by the IRS: Depreciation Rate 14.29% 24.49% 17.49%...
-
Which elements are predicted to have the following ground-state electron configurations of their atoms: (a) [Ar]3d 10 4s 2 4p 1 ; (b) [Ne]3s 1 ; (c) [Kr]5s 2 ; (d) [Xe]4f 7 6s 2 ?
-
Fred Farmer needs to prepare a balance sheet for his bank. He spent the day getting the following information. Fred needs your help to build a balance sheet and evaluate it. The information was...
-
The name given to a legal document that formally creates an agency. a. agent b. agency by necessity c. agency by ratifi cation d. apparent a uthority e. attorney in fact f. express a uthority g....
-
Suppose that Bechtel Group wants to hedge a bid on a Japanese construction project. However, the yen exposure is contingent on acceptance of its bid, so Bechtel decides to buy a put option for the 15...
-
On Monday morning, an investor takes a long position in a pound futures contract that matures on Wednesday afternoon. The agreed-upon price is $1.78 for 62,500. At the close of trading on Monday, the...
-
On January 10, Volkswagen agrees to import auto parts worth $7 million from the United States. The parts will be delivered on March 4 and are payable immediately in dollars. VW decides to hedge its...
-
Price, Waterhouse, and Coopers complete their first year of business as a partnership. The partners offer auditing, tax, and advisory services. Use the Tableau Dashboard to determine allocation of...
-
What did economists discover about the American households' retirement saving according to Andrew Biggs' article? Are most American households saving adequately for their retirement, or is there a...
-
Eleanor Inc. creates artisanal crafts for home dcor, the entity has two manufacturing centres: crafting and painting. MOH is allocated based on labour cost in the crafting centre and machine hours in...
Study smarter with the SolutionInn App