How much had the lira devalued against the dm

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Reference no: EM133906466

Problem : Calculate and show your steps:

a) If the dinar devalues against the U.S. dollar by 45%, the U.S. dollar will appreciate against the dinar by how much?

b) On Friday, September 13, 1992, the lira was worth DM 0.0013. Over the weekend the lira devalued against the DM to DM 0.0012. By how much had the lira devalued against the DM?

Reference no: EM133906466

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