Which of the following was NOT a reason for the depreciation of the Australian dollar between 1997 and 2002?
A) the Asian currency crisis of 1997/98
B) the Russian crisis of 1998
C) the introduction of the euro
D) the appreciation of the US dollar

Question

Quizplus · Accepted Answer

The introduction of the euro did not directly cause the depreciation of the Australian dollar between 1997 and 2002. The other options (A, B, D) are related to economic events that had global impacts, influencing currency values worldwide, including the Australian dollar.

Which of the Following Was NOT a Reason for the Depreciation