Last year the exchange rate between Australian dollars and Philippine pesos was 30 pesos per dollar. Today it is 40 pesos per Australian dollar. Here, the Australian dollar ________ against the peso, and the peso ________ against the dollar
A) depreciated; appreciated
B) depreciated; depreciated
C) appreciated; appreciated
D) appreciated; depreciated
Correct Answer:
Verified
Q128: Q129: Foreign currency is Q130: The country of Pimm exports $500 billion Q131: As the exchange rate _, the _ Q132: All of the following statements are correct Q134: A factor helping determine demand for the Q135: If the Australian interest rate differential increases, Q136: When the value of one currency falls Q137: The exchange rate is the Q138: The Australian interest rate minus the foreign
A)the market for foreign exchange.
B)foreign
A)price of one
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