I need help with 1 and 2 ange Winners and Losers - WordSearchLayoutReferencesMailingsReviewViewHelpTIPS FOR READING AN EXCHANGE RATE CHART: Read down the chart. For example,in column 1 it says the US Dollar is equal to each of the currencies below it. Therefore $1 87f or $1= 94€.Exchange Rate Table for Month 1US DollarBritish Pound1 Chinese Yuan 1 Japanese YenEuro$1==天10093Y=1€US Dollar1.24141.08British Pound8111007588Chinese Yuan6.967.68116.418.76L066Japanese Yen110.8132.7315.15Euro11413008686Exchange Rate Table for Month 2US DollarBritish Pound1 Chinese Yuan 1 Japanese YenEuro$1 =主Y=1至=1€US Dollar015200701 19121.11British Pound870992Chinese Yuan7.098.830697.74Japanese Yen107.78157.8915.11116.5Euro941.09120082Part A Directions: Use the two exchange rate tables to answer questions 1-3.1.Based on the reading and the table abore, is the exchange rate of dollars te euros fixed orflexible? Explain your answer2. A currency appreciates (or gets stronger) if it buys more of a foreign currency than it did before.Did the dollar appreciate against the Chinese Yuan from moath 1 to month 27 Explain usingnumbers from the chart above.ccessibility: Unavailable

Foreign exchange rate refers to the rate at which two nations currencies are exchanged . Two types…

TIPS FOR READING AN EXCHANGE RATE CHART: Read down the chart.. For example, n column 1 it says the US Dollar is equal to each of the currencies below it. Therefore $1 = 87 or $1 = 94 €. %3D Exchange Rate Table for Month 1 US Dollar British Pound 1 Chinese Yuan 1 Japanese Yen Y = Euro $1= = 3 1.24 1€ US Dollar 14 0093 1.08 British Pound 81 11 0075 88 Chinese Yuan 6.96 8.76 066 7.68 Japanese Yen 110.8 132.73 15.15 116.41 Euro 98 1.14 13 0086 Exchange Rate Table for Month 2 British Pound1 Chinese Yuan 1 Japanese Yen Y = US Dollar Euro $1 = = 1至= 1€ US Dollar 1.19 12 0152 1.11 British Pound 87 09 0070 92 Chinese Yuan 8.83 7.09 107.78 069 774 Japanese Yen 157.89 15.11 116.5 Euro 94 1.09 12 0082 Part A Directions: Use the two exchange rate tables to answer questions 1-3. 1 Based on the reading and the table above, is the exchange rate of dollars te euros fixed or flexible? Explain your answer 2. A currency appreciates (or gets stronger) if it buys more of a foreign currency than it did before. Did the dollar appreciate against the Chinese Yuan from moath 1 to monh 21 Explain using numbers from the chart above.

TIPS FOR READING AN EXCHANGE RATE CHART: Read down the chart.. For example, n column 1 it says the US Dollar is equal to each of the currencies below it. Therefore $1 = 87 or $1 = 94 €. %3D Exchange Rate Table for Month 1 US Dollar British Pound 1 Chinese Yuan 1 Japanese Yen Y = Euro $1= = 3 1.24 1€ US Dollar 14 0093 1.08 British Pound 81 11 0075 88 Chinese Yuan 6.96 8.76 066 7.68 Japanese Yen 110.8 132.73 15.15 116.41 Euro 98 1.14 13 0086 Exchange Rate Table for Month 2 British Pound1 Chinese Yuan 1 Japanese Yen Y = US Dollar Euro $1 = = 1至= 1€ US Dollar 1.19 12 0152 1.11 British Pound 87 09 0070 92 Chinese Yuan 8.83 7.09 107.78 069 774 Japanese Yen 157.89 15.11 116.5 Euro 94 1.09 12 0082 Part A Directions: Use the two exchange rate tables to answer questions 1-3. 1 Based on the reading and the table above, is the exchange rate of dollars te euros fixed or flexible? Explain your answer 2. A currency appreciates (or gets stronger) if it buys more of a foreign currency than it did before. Did the dollar appreciate against the Chinese Yuan from moath 1 to monh 21 Explain using numbers from the chart above.

Brief Principles of Macroeconomics (MindTap Course List)

8th Edition

ISBN:9781337091985

Author:N. Gregory Mankiw

Publisher:N. Gregory Mankiw

Chapter13: Open-economy Macroeconomics: Basic Concepts

Section: Chapter Questions

Problem 8PA

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