Suppose It Is January 1,1994 and the Deutsche Mark Revalues

question 11

Multiple Choice

Suppose it is January 1,1994 and the Deutsche mark revalues from $.30 at the beginning of the year to $.33 at the end of the year.Inflation during the year is 5% in the U.S.and 3% in Germany.What is the real devaluation ? or real revaluation + of the Deutsche mark during the year?

• A)+ 7.9%
• B)- 5.3%
• C)+ 8.1%
• D)-1.6%

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