EBK ECONOMICS OF MONEY, BANKING AND FIN
EBK ECONOMICS OF MONEY, BANKING AND FIN
11th Edition
ISBN: 8220101336934
Author: Mishkin
Publisher: PEARSON
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Chapter 18, Problem 2DAP

a.

To determine

The average, maximum, minimum and standard deviation of the exchange rate of China, Canada and South Korea to U.S.

b.

To determine

The ratio between the difference between maximum and minimum and average for each of the given country, the country with that is mostly likely to peg its currency with U.S dollars and the comparison of this country’s currency with the other two.

c.

To determine

The ratio of the standard deviation to the average exchange rate over the last five years, the country that is most likely to be pegged with U.S dollar, and the way and the comparison of this country’s currency with the other two.

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