Question: I need assistance with the attached finance problem regarding exchange rates and devaluation please Istanbul's Issues. The Turkisk lica (TL) was officially devalued by the

I need assistance with the attached finance problem regarding exchange rates and devaluation please

I need assistance with the attached finance problem regarding exchange rates and

Istanbul's Issues. The Turkisk lica (TL) was officially devalued by the Turkish government in February 2001 during a severe political and economic crisis The Turkish government announced on February 21st that the lira would be devalued by 20% The spot exchange rate on February 20th was TL65,000 75 a. What was the exchange rate after devaluation? b. What was the percentage change after falling to TL 95,000/S on February 24, three days after the devaluation? a. What was the exchange rate after devaluation? The exchange rate after devaluation was T (Round to the nearest Turkish lira)

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