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