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Business, 26.05.2021 17:50 isaacdlt15

9.04 Turkish Lira Devaluation The Turkish lira (TL) was officially devalued by the Turkish government in February 2001 during a severe political and economic crisis. The Turkish government announced on February 21st that the lira would be devalued by 20%. The spot exchange rate on February 20th was TL68,000/$. a) What was the spot rate after devaluation

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9.04 Turkish Lira Devaluation The Turkish lira (TL) was officially devalued by the Turkish governmen...
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