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QUESTION 23 If the RBA surprises the market by raising its cash rate target to 3% the AUD will immediately (appreciate I depreciate) against all

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QUESTION 23 If the RBA surprises the market by raising its cash rate target to 3% the AUD will immediately (appreciate I depreciate) against all other currencies. This immediate change of the AUD value is making our exports (cheaper / more expensive) and thics (fosters / dampens) economic activity and inflation. In Japan the interest rate is close to 0\%. Therefore, the AUD is very likely to (opprecinte / depreciate) iggainst. the Yen over the coming year, In indonesin the interest rate is around 6%. Therefore, the AUD is very likely to (appreciate / depreciate) against the Indonesian Ruphia over the coming year

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