Question
In 2002, the AUD/USD exchange rate fall from 1.9585 to 1.7662. Calculate the percentage change in Australian dollar against the U.S dollar. a. +9.82% b.
In 2002, the AUD/USD exchange rate fall from 1.9585 to 1.7662.
Calculate the percentage change in Australian dollar against the U.S dollar.
a. +9.82%
b. -9.82%
c. +10.89%
d. -10.89%
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Corporate Finance
Authors: Stephen Ross, Randolph Westerfield, Jeffrey Jaffe, Gordon Roberts, Hamdi Driss
8th Canadian Edition
01259270114, 9781259270116
