Question: QUESTION 1 On August 8, 2000, Zimbabwe changed the value of the Zimbabwe dollar from Z$38/U.S.$ to Z$50/U.S.$. A ) By what percent has the

QUESTION 1

On August 8, 2000, Zimbabwe changed the value of the Zimbabwe dollar from Z$38/U.S.$ to Z$50/U.S.$.

A ) By what percent has the U.S. dollar appreciated (depreciated) relative to the Zimbabwe dollar? 5 MARKS

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