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 ____ percent.
A) depreciated; 5.80
B) depreciated; 4.00
C) appreciated; 5.80
D) appreciated; 4.00
Answer Key

Question

Quizplus · Accepted Answer

The Australian dollar increased in value, as $0.73 is a higher value than $0.69. The increase can be calculated as follows: 
[(0.73-0.69) / 0.69] x 100% = 5.80% 
Therefore, the Australian dollar appreciated by 5.80%.

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