In 1998, the Russian ruble depreciated 54% against the Deutschmark. How much did the Deutschmark appreciate against the Ruble?© BrainMass Inc. brainmass.com March 4, 2021, 5:58 pm ad1c9bdddf
Suppose initially, 1 Russian Rouble = x DM
In 1998, 1 Russian Rouble = 0.46x DM , such that ...
The solution determines how much the Deutschmark appreciate against the Ruble.