Question: PUT 1 FOR ALL X THEN MAKE THE CALCULATIONS! EXAMPLE: if it is 1x3 then it will be 113!!! 1 1. Pound/dollar currency pair's value

PUT 1 FOR ALL X

THEN MAKE THE CALCULATIONS!

EXAMPLE: if it is 1x3 then it will be 113!!!

1 1. Pound/dollar currency pair's value changed from 1x.18/$ to 15.x3/$. a. Is this an appreciation or depreciation for dollar? Why? b. By what percentage did currency pair's value change? (15 pts)

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