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QUESTION
On August 8, 2000, Zimbabwe changed the value of the Zim dollar from Z$38/US$ to Z$50/US$. By what percent has the Zim dollar devalued or revalued
On August 8, 2000, Zimbabwe changed the value of the Zim dollar from Z$38/US$ to Z$50/US$. By what percent has the Zim dollar devalued or revalued relative to the U.S. $ ?
Select one:
a. depreciated by 24%
b. appreciated by 31.5%
c. appreciated by 24%
d. depreciated by 31.5%
