The Next Questions Refer to the Following

question 28

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.
-Assuming all else remains constant,on a bilateral basis

• A) East's currency has appreciated about 25% against West's currency
• B) East's currency has depreciated about 30% against West's currency
• C) East's currency has depreciated about 50% against South's currency
• D) West's currency has appreciated about 35% against South's currency
• E) West's currency has depreciated about 55% against South's currency

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