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  3. a week ago, a euro () cost $1.06. today, a euro co

A week ago, a euro () cost $1.06. Today, a euro costs $1.13. A week...

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Question

Finance

A week ago, a euro () cost $1.06. Today, a euro costs $1.13.

A week ago, a British pound () cost $1.49. Today, a pound costs $1.53.

Attempt 1/6 for 7 pts.

Part 1

What was the value of a euro in British pound a week ago?

Correct

Value of euro in pound=Value of euro in $Value of pound in $Value of euro in pound=Value of euro in $Value of pound in $

= $1.06/$1.49/$1.06/$1.49/

= 0.711 per

Attempt 1/6 for 7 pts.

Part 2

What is the value of a euro in British pound today?

Submit

Attempt 1/6 for 7 pts.

Part 3

What is the percent change in the value of the euro? Use input numbers with at least 5 decimal places in your calculation, not the rounded numbers shown in parts 1 and 2.

Submit

Attempt 1/5 for 7 pts.

Part 4

What happened to value of the two currencies?

Check all that apply:

The euro depreciated against the pound.

The pound depreciated against the euro.

The pound appreciated against the euro.

The euro appreciated against the pound.

Submit

Answer & Explanation Solved by verified expert
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