21 Venezuelan Bolivar (B). The Venezuelan government officially floated the Venezuelan bolivar (Bs) in February 2002. Within weeks, its value had moved from thepre-float fix of Bs 774/$ to Bs 1,025/$. The Venezuelan political and economic crisis deepened in late 2002 and early 2003. On January 1, 2003, the bolivar wastrading at Bs 1,400/$. By February 1, its value had fallen to Bs 1,950/$. Many currency analysts and forecasters were predicting that the bolivar would fall anadditional 40% from its February 1 value by early summer 2003.a. What was the percentage change in January?b. What is the forecast value for June 2003?...- .a. What was the percentage change in January?The percentage change is %. (Round to two decimal places.)b. What is the forecast value for June 2003?The forecast value for June 2003 is Bs. (Round to the nearest Bolivar.)

We have to find what is the percentage change in January.

Venezuelan Bolivar (B). The Venezuelan government officially floated the Venezuelan bolivar (Bs) in pre-float fix of Bs 774/$ to Bs 1,025/S. The Venezuelan political and economic crisis deepened in late trading at Bs 1,400 / $. By February 1, its value had fallen to Bs 1,950/ $. Many currency analysts and additional 40% from its February 1 value by early summer 2003. a. What was the percentage change in January? b. What is the forecast value for June 2003? ..... a. What was the percentage change in January?

Venezuelan Bolivar (B). The Venezuelan government officially floated the Venezuelan bolivar (Bs) in pre-float fix of Bs 774/$ to Bs 1,025/S. The Venezuelan political and economic crisis deepened in late trading at Bs 1,400 / $. By February 1, its value had fallen to Bs 1,950/ $. Many currency analysts and additional 40% from its February 1 value by early summer 2003. a. What was the percentage change in January? b. What is the forecast value for June 2003? ..... a. What was the percentage change in January?

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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