Question: Score: 0 of 4 pts Problem 9-4 (algorithmic) Question Help Istanbul's issues. The Turkisk lira (TL) was officially devalued by the Turkish government in February
Score: 0 of 4 pts Problem 9-4 (algorithmic) Question Help Istanbul's issues. The Turkisk lira (TL) was officially devalued by the Turkish government in February 2001 during a severe political and economia crisis The Turkish government announced on February 21st that the lira would be devalued by 20%. The spot exchange rate on February 20th was TL68,000/5 a. What was the exchange rate after devaluation? b. What was the percentage change after falling to TL98.000/5 on February 24, three days after the devaluation? a. What was the exchange rate after devaluation? The exchange rate after devaluation was TL(Round to the nearest Turkish lira.)
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