Question

2. Research Internet sources of your choice and fill the blanks in the following statements A. On April 19, 2018, one U.S. dollar could buy Mexican peso(s) Rewrite this statement in the notation adopted in international finance Today, one U.S. dollar can buy Mexican peso(s). This means that over the course of the year, the Mexican peso has preciated against the U.S. S How, in your opinion, did this event affect Mexican farmers appetite for U.S.-made John Deere tractors? How did this event affect the U.S. consumers' appetite for Mexican-grown jalapeño peppers? B. On April 19, 2018, one Swiss franc was worth U.S. dollar(s) Rewrite this statement in the notation adopted in international finance: U.S. dollars. Today, one Swiss franc is worth This means that over the course of the year, the U.S. dollar has preciated against the Swiss franc. October 10, 2013 the exchange rate between the U.S doiiar and the Canadian dollar was ECDD 1.04. Which of the two units of currency was more valuable on that day? The U.S. dollar The Canadian dollar

Answer 1

2.

A.

18.34 Mexican Pesos

E_Peso/dollar = 18.34

Today' rate is 19.03 Mexican Peso = 1 US Dollar

Mexican peso has depreciated against US Dollar

Since Peso has depreciated, then appetite of Mexican farmers to import the tractor will decrease as they have to pay more pesos per USD.

The appetite of US consumers will increase as USD has appreciated and they have to pay less USD per peso.

B,

one swiss franc = 1.029 USD

E_{USD/Swiss Franc} = 1.029

Today, one Swiss Franc is worth .98 US dollars.

US dollar has appreciated against swiss franc.

Correct Answer:

US Dollar

As it can buy more Canadian dollars.