If the Exchange Rate Between the Australian Dollar and the U.S

Multiple Choice

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