8. What has happened to the value of the dollar if the nominal exchange rate changes...
8. What has happened to the value of the dollar if the nominal exchange rate changes from 22 rand to 20 rand per dollar. It has: a. appreciated b. depreciated c. become overvalued d. become undervalued
Homework Answers
In this case if the nominal exchange rate changes that means either the local currency is appreciated or depreciated if the exchange rate of dollar is goes low form 22 rand to 20 that means that the local currency ia appreciated and dollar
B. Depreciated
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8. What has happened to the value of the dollar if the nominal
exchange rate changes...
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Question 82 To appreciate the U.S. dollar against the Mexican peso, in the foreign exchange market...
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Question 2 (a) Explain the difference between nominal exchange rate and real exchange rate (6) As mentioned in clas...
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If the exchange rate changes from 1.50 Canadian dollars per U.S. dollar to 1.67 Canadian dollars per U.S. dollar, we say that the Canadian dollar has appreciated against the U.S. dollar.
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