Question: Assume that the Danish krone (DK) has a current dollar ($US) value of $0.18 a. Determine the number of DK that can be purchased with

Assume that the Danish krone (DK) has a current dollar ($US) value of $0.18

a. Determine the number of DK that can be purchased with one $US.

b. Calculate the percentage change (appreciation or depreciation) in the Danish krone if it falls to $0.16.

c. Calculate the percentage change (appreciation or depreciation) in the U.S. dollar if the DK falls to $0.16.

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