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    International Financial Management Study Set 7
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    Exam 4: Exchange Rate Determination
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    The Value of Euro Was $1
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The Value of Euro Was $1

Question 39

Question 39

Multiple Choice

The value of euro was $1.30 last week. During last week the euro depreciated by 5%. What is the value of euro today?


A) $1.365
B) $1.235
C) $1.330
D) $1.30

Correct Answer:

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