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Melly767 Melly767
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A year ago
Assume that the yuan-dollar nominal exchange rate at the beginning of 2012 was 4 yuan per dollar and at the beginning of 2013 was 6 yuan per dollar. Given this information, identify the currency that appreciated and the currency that depreciated over 2012.
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Macroeconomics

Macroeconomics


Edition: 3rd
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ordinarykathyordinarykathy
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A year ago
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Melly767 Author
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A year ago
Thanks for your help!!
tcat
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Yesterday
I appreciate what you did here, answered it right Smiling Face with Open Mouth
mcraver1
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2 hours ago
Thanks
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