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Effect of currency appreciation

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Problem

Suppose that one swiss franc could be purchased in the foreign exchange market for $0.60 today. If the franc appreciated 10% tomorrow against the dollar, how many francs would a dollar buy tomorrow?

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Solution Summary

Solution describes how to find out the effect on doller if franc appreciates.

Solution provided by:
Lokesh Jain, MSc
Education
  • BEng (Hons) , Birla Institute of Technology and Science, India
  • MSc (Hons) , Birla Institute of Technology and Science, India
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