Last year the usd depreciated 2 in real terms versus mxn, Financial Management

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Last year the usd depreciated 2 in real terms versus mxn

Last year, the USD depreciated 2% in real terms versus the MXN. Inflation in the US was 2% and inflation in Mexico was 7%. In nominal terms, the USD approximately: A) Depreciated 9% B) Appreciated 3% C) Appreciated 5% D) None of the above or below E) Depreciated 3%.

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