The following table shows the number of U.S. dollars required to buy one Mexican peso and the number of U.S. dollars required to buy one Australian dollar between June 1, 2016, and September 1, 2016: $$\begin{array} { l l l }
\hline \text { Date } & \begin{array} { l }
\text { U.S. Dollars Required } \
\text { to Buy } 1 \text { Mexican Peso }
\end{array} & \begin{array} { l }
\text { U.S. Dollars Required } \
\text { to Buy 1 Australian Dollar }
\end{array} \
\hline \text { June 1,2016 } & 0.0536 & 1.351 \
\text { July 1,2016 } & 0.0537 & 1.328 \
\text { August } 1,2016 & 0.0541 & 1.311 \
\text { September 1,2016 } & 0.0520 & 1.317 \
\hline
\end{array}$$
Between June 1, 2016, and July 1, 2016, the U.S. dollar ________ against the Mexican peso, and the U.S. dollar ________ against the Australian dollar.

Question

The following table shows the number of U.S. dollars required to buy one Mexican peso and the number of U.S. dollars required to buy one Australian dollar between June 1, 2016, and September 1, 2016: $$\begin{array} { l l l } 
\hline \text { Date } & \begin{array} { l } 
\text { U.S. Dollars Required } \
\text { to Buy } 1 \text { Mexican Peso }
\end{array} & \begin{array} { l } 
\text { U.S. Dollars Required } \
\text { to Buy 1 Australian Dollar }
\end{array} \
\hline \text { June 1,2016 } & 0.0536 & 1.351 \
\text { July 1,2016 } & 0.0537 & 1.328 \
\text { August } 1,2016 & 0.0541 & 1.311 \
\text { September 1,2016 } & 0.0520 & 1.317 \
\hline
\end{array}$$ 
Between June 1, 2016, and July 1, 2016, the U.S. dollar ________ against the Mexican peso, and the U.S. dollar ________ against the Australian dollar.

Quizplus · Accepted Answer

The U.S. dollar depreciated against the Mexican peso because it took more U.S. dollars to buy one Mexican peso on July 1, 2016, than it did on June 1, 2016. The U.S. dollar appreciated against the Australian dollar because it took fewer U.S. dollars to buy one Australian dollar on July 1, 2016, than it did on June 1, 2016.

The Following Table Shows the Number of U Between June 1, 2016, and July 1, 2016, the U