The Next Questions Refer to the Following

question 24

Multiple Choice

The next questions refer to the following.
The nation of North does 20% of its trade with East, 30% with West, and 50% with South. Suppose that, relative to a base year, North's currency appreciates 80% against East's currency, appreciates 40% against West's currency, and depreciates 10% against South's currency.
-Then on a trade-weighted basis,North's currency has effectively

• A) appreciated by 23%
• B) appreciated by 33%
• C) appreciated by 110%
• D) depreciated by 5%
• E) depreciated by 13%

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Definitions:

Undue Influence

An unlawful practice where an individual or entity exerts excessive pressure or uses manipulative tactics to coerce another party into making a legal decision that they would not have made otherwise.

Non Est Factum

A legal defense claiming a contract is void because the signer was fundamentally mistaken or misled about its nature.

Restrictions

Limitations or conditions imposed on activities, rights, or behaviors to regulate them.

Innocent Misrepresentation

A false statement made by one party to another, where the person making the statement genuinely believes it to be true.