Assume that the dollar-pound exchange rate was $1.2286/ three years ago and that it is now $1.2865/

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Assume that the dollar-pound exchange rate was $1.2286/£ three years ago and that it is now $1.2865/£ today.

Calculate the percentage rate of change of the British pound against the dollar (four decimal places). what was the percentage rate of change of the dollar against the pound (four decimal places)?

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International Economics

ISBN: 9781319218508

5th Edition

Authors: Robert C. Feenstra, Alan M. Taylor

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Posted Date: Dec 05, 2023 02:07 AM

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Assume that the dollar-pound exchange rate was $1.2286/ three years ago and that it is now $1.2865/

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To calculate the percentage rate of change of the British pound against the dollar we can use ... View the full answer

International Economics

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