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Economics (MindTap Course List)

13th Edition
Roger A. Arnold
ISBN: 9781337617383

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BuyFindarrow_forward

Economics (MindTap Course List)

13th Edition
Roger A. Arnold
ISBN: 9781337617383
Textbook Problem

Use the following information to answer (a)—(c):

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  1. a. Between Thursday and Friday, did the U.S. dollar appreciate or depreciate against the Russian ruble?
  2. b. Between Thursday and Friday, did the U.S. dollar appreciate or depreciate against the Brazilian real?
  3. c. Between Thursday and Friday, did the U.S. dollar appreciate or depreciate against the Indian rupee?

(a)

To determine

Check whether the dollar appreciates or deprecates against the Russian ruble.

Explanation

The table (1) shows U.S. Dollar and Currency per Dollar on Thursday and Friday.

Table 1

 

U.S. Dollar

Equivalent

Currency per

U.S. Dollar

ThursdayFridayThursdayFriday
Russia (ruble)0.03180.031731.419031.5290
Brazil (real)0...

(b)

To determine

Check whether the dollar has appreciated or deprecated against the Brazilian real.

(c)

To determine

Check whether the dollar appreciates or deprecates against the Indian rupee.

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