Assignment:
On August 8, 2000, Zimbabwe changed the value of the Zim dollar from Z$38/US$ to Z$50/US$.
a. What was the original U.S. dollar value of the Zim dollar? What is the new U.S. dollar value of the Zim dollar?
b. By what percentage has the Zim dollar devalued (revalued) relative to the U.S. dollar?
c. By what percentage has the U.S. dollar appreciated (depreciated) relative to the Zim dollar?
Your answer must be, typed, double-spaced, Times New Roman font (size 12), one-inch margins on all sides, APA format and also include references.