The dollar appreciated by 25% relative to the yen and the direct exchange rate is now 0.01 in the US. Find the old exchange rate prior to the dollar appreciation.
The dollar appreciated by 25% relative to the yen and the direct exchange rate is now 0.01 in the US. Find the old exchange rate prior to the dollar appreciation.
Chapter22: International Finance
Section: Chapter Questions
Problem 10QP
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The dollar appreciated by 25% relative to the yen and the direct exchange rate is now 0.01 in the US. Find the old exchange rate prior to the dollar appreciation.
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