If one Canadian dollar could be exchanged for one Australian dollar in 1970, and one Canadian dollar can now be exchanged for 0.98 Australian dollars, which of the following is true?
A) The Canadian dollar gained value against the Australian dollar.
B) The Australian dollar lost value against the Canadian dollar.
C) The Australian dollar gained value against the Canadian dollar.
D) Both A and C are true.
Correct Answer:
Verified
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