Theyen suddenly changes in value against the pound moving from an exchange rate of 145.70 /

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Theyen suddenly changes in value against the pound moving from an exchange rate of ¥ 145.70 /£ to ¥ 130.50/£. Thus, the pound has ________ by ________:

a. appreciated; 10.43%

b. depreciated; 10.43%

c. appreciated 11.65%

d. depreciated 11.65%

Related Book For answer-question

Economics

ISBN: 978-1285738321

12th edition

Authors: Roger A. Arnold

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Posted Date: Sep 18, 2020 03:00 AM

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Theyen suddenly changes in value against the pound moving from an exchange rate of 145.70 /

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Yen to pound initial rate yen 14570pound Yen ... View the full answer

Economics

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