Today,one Australian dollar exchanges for 1.10 U.S dollars.The next morning the same dollar exchanges for 1.07 U.S.dollars.We can conclude that the Australian dollar has ________ and the U.S dollar has ________.
A) depreciated;neither appreciated nor depreciated
B) depreciated;appreciated
C) appreciated;appreciated
D) appreciated;depreciated
E) depreciated;depreciated
Correct Answer:
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