(Answered) Question venezuelan bolivar a the venezuelan government

Management Studies

Question: Venezuelan Bolivar (A). The Venezuelan government officially floated the Venezuelan bolivar (Bs) in February 2002. Within weeks, its value had moved from the pre-float fix of Bs778/$ to Bs1025/$.

a. Is this a devaluation or a depreciation?

b. By what percentage did the value change?

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