Question: QUESTION 5 Use the following chart to answer the next two questions. Currency 2017 2018 2019 Pounds .8/$ $1.35/ .9/$ Yen 125/$ 122/$ $.007/ Euros

QUESTION 5

  1. Use the following chart to answer the next two questions.

    Currency

    2017

    2018

    2019

    Pounds

    .8/$

    $1.35/

    .9/$

    Yen

    125/$

    122/$

    $.007/

    Euros

    1.1/$

    /$.85

    $.95/

    1. What is the percentage appreciation/depreciation of the dollar from the British point of view from 2017 to 2018? Round intermediate steps and your final answer to four decimals. Express your answer in decimal format (ex. .XXXX)

    2.

    What is the percentage appreciation/depreciation of the euro from the US point of view from 2018 to 2019? Round intermediate steps to four decimals.

    .1053

    -.1053

    .1176

    -.1176

    None of the above

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