1. Use the following information to answer (a)-(c): U.S. Dollar Equivalent Currency per U.S. Dollar Thurs. Fri. Thurs. Fri. Russia (ruble) 0.0318 0.0317 31.4190 31.5290 Brazil (real) 0.3569 0.3623 2.8020 2.7601 India (rupee) 0.0204 0.0208 48.9100 47.8521 a. Between Thursday and Friday, did the U.S. dollar appre- ciate or depreciate against the Russian ruble? b. Between Thursday and Friday, did the U.S. dollar ciate or depreciate against the Brazilian real? c. Between Thursday and Friday, did the U.S. dollar ciate or depreciate against the Indian rupee? аppre- аppre-

1. Use the following information to answer (a)-(c): U.S. Dollar Equivalent Currency per U.S. Dollar Thurs. Fri. Thurs. Fri. Russia (ruble) 0.0318 0.0317 31.4190 31.5290 Brazil (real) 0.3569 0.3623 2.8020 2.7601 India (rupee) 0.0204 0.0208 48.9100 47.8521 a. Between Thursday and Friday, did the U.S. dollar appre- ciate or depreciate against the Russian ruble? b. Between Thursday and Friday, did the U.S. dollar ciate or depreciate against the Brazilian real? c. Between Thursday and Friday, did the U.S. dollar ciate or depreciate against the Indian rupee? аppre- аppre-

Principles of Economics 2e

2nd Edition

ISBN:9781947172364

Author:Steven A. Greenlaw; David Shapiro

Publisher:Steven A. Greenlaw; David Shapiro

Chapter29: Exchange Rates And International Capital Flows

Section: Chapter Questions

Problem 23CTQ: Why would a nation dollarizeâ€”that is, adopt another countrys currency instead of having its own?

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