The exchange rates between the Australian dollar and the US dollar were as follows:Jun 11$AUS3 $.71USJul 11$AUS = $.73USAug 1 1$AUS= $.79USSep 11$AUS = $.83USThis chart shows aO a. weakening Australian dollar which makes it more expensive for Americans to buy Australian goodsO b. weakening Australian dollar which makes it less expensive for Americans to buy Australian goodsO c. strengthening Australian Dollar which makes it less expensive for Americans to buy AustraliangoodsO d. strengthening Australian dollar which makes it more expensive for Americans to buy Australiagoods

Ans. From the above chart we can understand that, The value of 1 $AUS is increasing in terms of US…

The exchange rates between the Australian dollar and Jun 11$AUS3 $.71US Jul 11$AUS =$.73US Aug 1 1$AUS= $.79US Sep 11$AUS= $.83US This chart shows a a. weakening Australian dollar which makes it m- O a.

The exchange rates between the Australian dollar and Jun 11$AUS3 $.71US Jul 11$AUS =$.73US Aug 1 1$AUS= $.79US Sep 11$AUS= $.83US This chart shows a a. weakening Australian dollar which makes it m- O a.

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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Question

The exchange rates between the Australian dollar and the US dollar were as follows:
Jun 11$AUS3 $.71US
Jul 11$AUS = $.73US
Aug 1 1$AUS= $.79US
Sep 11$AUS = $.83US
This chart shows a
O a. weakening Australian dollar which makes it more expensive for Americans to buy Australian goods
O b. weakening Australian dollar which makes it less expensive for Americans to buy Australian goods
O c. strengthening Australian Dollar which makes it less expensive for Americans to buy Australian
goods
O d. strengthening Australian dollar which makes it more expensive for Americans to buy Australia
goods

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