Consider the Following Information on Mexico's Trade

Multiple Choice

Consider the following information on Mexico's trade. Thirty percent of the trade is conducted with country A, 55% of trade with country B, and 15% of trade with country C. If the peso appreciates 10% against country A, depreciates 30% against country B, and depreciates 10% against country C, then the effective trade-weighted real exchange rate experiences a:

A) 15% appreciation.
B) 15% depreciation.
C) 25% depreciation.
D) 20% appreciation.