Multiple Choice
A change in the Australian dollar value of the British pound from $2.60 to $2.80 means:
A) there has been a decrease in the pound price of British goods.
B) the pound has appreciated relative to the Australian dollar.
C) the Australian dollar has depreciated relative to the pound.
D) an increase in the dollar price of British goods.
Correct Answer:
Verified
Correct Answer:
Verified
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