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Finance 100

Question Description

I’m studying for my class and don’t understand how to answer this. Can you help me study?

Three years ago the U. S. dollar equivalent of a foreign currency was $ 1.2167. Today, the U. S. dollar equivalent of a foreign currency is $ 1.3310. Determine the percentage change of the euro between these two dates.

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Final Answer

$1.22/$1.33=0.91 or 91%
100%-91%=9 or 9%

HKPJ (6237)
New York University

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