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Refer to Textbook Table 1 3 - 1 . On November 1 5 , 2 0 2 1 , the exchange rate of U .

Refer to Textbook Table 13-1. On November 15,2021, the exchange rate of U.S. dollar per
Australian dollar was 0.7347.
On October 15,2021, the exchange rate of U.S. dollar per Australian dollar was 0.7425. It is
now November 15,2021. A U.S.-made big screen TV costs $3,500 over the entire period.
Has the U.S. dollar appreciated or depreciated in value relative to the Australian dollars? Is it
cheaper or more costly for an Australian citizen to buy the TV (converting Australian dollars
into U.S. dollars) on November 15,2021? What is the Australian citizens A$ gain or loss on
the purchase of the TV if she waits to buy on November 15,2021?

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