Question
4. Suppose that one year ago, the exchange rate between the Australian dollar and the US dollar was: 1 AUD = 1.0758 USD and today
4. Suppose that one year ago, the exchange rate between the Australian dollar and the US dollar was: 1 AUD = 1.0758 USD and today the exchange rate is: 1 AUD = 1.0237 USD.
(a) Calculate the percentage change in the value of the US dollar (10 points)
(b) Calculate the percentage change in the value of the Australian dollar (10 points)
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Green And Sustainable Finance
Authors: Simon Thompson
2nd Edition
1398609242, 978-1398609242
