The value of the Australian dollar (A$) today is £0.62. Yesterday, the value of the Australian dollar was £0.60. The Australian dollar ____ by ____%.
A) depreciated; 3.33
B) depreciated; 4.30
C) appreciated; 3.33
D) appreciated; 4.30
Correct Answer:
Verified
Q1: Assume that the inflation rate becomes much
Q2: Investors from Germany,the United States,and Britain frequently
Q10: Trade-related foreign exchange transactions are more responsive
Q15: If a currency's spot rate market is
Q16: If UK inflation suddenly increased while European
Q16: The real interest rate adjusts the nominal
Q19: _ is not a factor that causes
Q21: Assume that Swiss investors have francs available
Q22: An increase in euro area inflation relative
Q64: Which of the following is not mentioned
Unlock this Answer For Free Now!
View this answer and more for free by performing one of the following actions
Scan the QR code to install the App and get 2 free unlocks
Unlock quizzes for free by uploading documents