Question: Ch. 2 1.On August 8, 2000, Zimbabwe changed the value of the Zim dollar from Z $38/US$ to Z $50/US$. a.What was the original U.S.

Ch. 2

1.On August 8, 2000, Zimbabwe changed the value of the Zim dollar fromZ$38/US$ toZ$50/US$.

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?

2.In 1995, one dollar bought 80. In 2000, it bought about 110.

a.What was the dollar value of the yen in 1995? What was the yen's dollar value in 2000?

b.By what percentage has the yen fallen in value between 1995 and 2000?

c.By what percentage has the dollar risen in value between 1995 and 2000?

3.On February 1, the euro is worth $0.8984. By May 1, it has moved to $0.9457.

a.By what percentage has the euro appreciated or depreciated against the dollar during this three-month period?

b.By what percentage has the dollar appreciated or depreciated against the euro during this period?

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