Question
Q: On November 1 the spot rate for the Australian dollar was US$0.74/Australian dollar 1. On December 1 the spot rate was US$0.72/Australian dollar 1.
Q: On November 1 the spot rate for the Australian dollar was US$0.74/Australian dollar 1. On December 1 the spot rate was US$0.72/Australian dollar 1. The dollar has depreciated against the Australian dollar since November 1.
True or False
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Investment Analysis And Portfolio Management
Authors: Frank K. Reilly, Keith C. Brown
9th Edition
0324656122, 978-0324656121
