If the AUD/USD spot exchange rate increases from 0.9201 to 0.9203, then: a. The USD has appreciated against the AUD b. The AUD has depreciated against the USD c. Both a and b d. The USD has depreciated against the AUD
If the AUD/USD spot exchange rate increases from 0.9201 to 0.9203, then: a. The USD has appreciated against the AUD b. The AUD has depreciated against the USD c. Both a and b d. The USD has depreciated against the AUD
Essentials Of Investments
11th Edition
ISBN:9781260013924
Author:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Publisher:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Chapter1: Investments: Background And Issues
Section: Chapter Questions
Problem 1PS
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26. If the AUD/USD spot exchange rate increases from 0.9201 to 0.9203, then:
a. The USD has appreciated against the AUD
b. The AUD has depreciated against the USD
c. Both a and b
d. The USD has depreciated against the AUD
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