Real terms versus mxn, Last year, the USD depreciated 2% in

Real terms versus mxn

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Reference no: EM131543681

Last year, the USD depreciated 2% in real terms versus the MXN. Inflation in the US was 2% and inflation in Mexico was 7%. In nominal terms, the USD approximately: A) Depreciated 9% B) Appreciated 3% C) Appreciated 5% D) None of the above or below E) Depreciated 3%.

Reference no: EM131543681

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