If the exchange rate between the Australian dollar and the U.S. dollar is expressed in direct quotation from an Australian perspective, then a rise in the exchange rate implies:
A) appreciation of the U.S. dollar
B) depreciation of the U.S. dollar
C) appreciation of the Australian dollar
D) both depreciation of the U.S. dollar and appreciation of the Australian dollar
Correct Answer:
Verified
Q17: An 'exotic' currency is a currency:
A) which
Q18: The substantial growth in the daily turnover
Q19: A foreign exchange transaction consists of the
Q20: In the interbank foreign exchange market, the
Q21: In the foreign exchange market, a 'contract
Q23: If the exchange rate between the Australian
Q24: If the exchange rate between the Australian
Q25: You are given the exchange rate AUD/USD
Q26: In 2002, the AUD/USD exchange rate fell
Q27: In 2002, the EUR/AUD exchange rate fell
Unlock this Answer For Free Now!
View this answer and more for free by performing one of the following actions
Scan the QR code to install the App and get 2 free unlocks
Unlock quizzes for free by uploading documents