Suppose It Is May 1,1981 and the Price Indexes in Spain

question 12

Multiple Choice

Suppose it is May 1,1981 and the price indexes in Spain and the U.S. ,which both began the year at 100,are at 117 and 105,respectively,by the end of the year.If the beginning and ending exchange rates,respectively,for the peseta are $.1320 and $.1125,then the change in the real value of the peseta a "?" indicates a real devaluation during the year is

• A)0%
• B)-5.0%
• C)2.4%
• D)-8.2%

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Definitions:

Osteocytes

Mature bone cells embedded within the bone matrix that play a key role in maintaining bone tissue.

Myelin

A fatty substance that surrounds and insulates the axons of some neurons, facilitating the rapid transmission of electrical impulses.

Encryption

The process of converting data or information into a code, primarily to prevent unauthorized access and ensure privacy and security.