Asked by Candice Burnette on May 14, 2024

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The exchange rate between Currencies X and Y is currently Y0.05614 = X1.00. If X weakens by 1.5% relative to Y, what will be the new values for the exchanges rates per unit of X and per unit of Y?

Weakens

To reduce the strength, effectiveness, or potency of something, often used in the context of arguments, materials, or forces.

X

A variable often used in mathematical equations and models to represent an unknown or variable quantity.

  • Manage tasks involving the rise and fall in currency values.
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TN
Tanya NangiaMay 21, 2024
Final Answer :
Y0.055298 per X1.00 and X18.084 per Y1.00