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and five different currencies. The rates are quoted in terms of the number of units of Below are the exchange rates between the U.S. dollar the foreign currency to the dollar. Euro British pound Swiss franc Chinese yuan Brazilian real December 31, 2003 .79670 .56250 1.2423 8.2867 2.9030 December 31, 2004 .73310 .51920 1.1318 8.2865 2.66150 a. Against which currencies did the U.S. dollar weaken in 2004? strengthen? b. What is the exchange rate of each currency on December 31, 2004 in terms of dol- lars per unit of the foreign currency? and five different currencies. The rates are quoted in terms of the number of units of Below are the exchange rates between the U.S. dollar the foreign currency to the dollar. Euro British pound Swiss franc Chinese yuan Brazilian real December 31, 2003 .79670 .56250 1.2423 8.2867 2.9030 December 31, 2004 .73310 .51920 1.1318 8.2865 2.66150 a. Against which currencies did the U.S. dollar weaken in 2004? strengthen? b. What is the exchange rate of each currency on December 31, 2004 in terms of dol- lars per unit of the foreign currency?
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Related Book For
International Economics Theory and Policy
ISBN: 978-0134519579
11th Edition
Authors: Paul R. Krugman, Maurice Obstfeld, Marc Melitz
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