When a smaller amount of a foreign currency is required to buy the Australian dollar,the currency is said to have _______ with respect to the dollar.
A) appreciated
B) consolidated
C) depreciated
D) remained fixed

Question

Quizplus · Accepted Answer

When a smaller amount of a foreign currency is required to buy the Australian dollar, it means that the foreign currency has become stronger in comparison to the Australian dollar. This is known as appreciation.

When a Smaller Amount of a Foreign Currency Is Required