The value of the Australian dollar (A$) today is $0.73. Yesterday, the value of the Australian dollar was $0.69. The Australian dollar ____ by ____%.
A) depreciated; 5.80
B) depreciated; 4.00
C) appreciated; 5.80
D) appreciated; 4.00

Question

Quizplus · Accepted Answer

The Australian dollar has appreciated, as the value has increased from $0.69 to $0.73. To calculate the percentage increase:

(0.73 - 0.69) / 0.69 x 100% = 5.80%

The Value of the Australian Dollar (A$) Today Is $0