Suppose the value of the British pound is wealth $1.2613 after a period of three...
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Suppose the value of the British pound is wealth $1.2613 after a period of three months the spot rate changes to $1.3065 to a pound. By how much has the pound devalued after the dollar a) By how much has the dollar devalued against the pound
b) Suppose UK borrowed 4 billion dollars which it sold to buttress up the pound, what could be the bank of UKs pound losses on this currency intervention
c) Suppose USA spends 24 billion dollars in an attempt to defend the pound what were the US bank dollar losses on its currency intervention
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