Question
Suppose that the level of the typical consumption basket in Australia becomes A$165/A$CB and the level of a typical consumption basket in the United States
Suppose that the level of the typical consumption basket in Australia becomes A$165/A$CB and the level of a typical consumption basket in the United States becomes $102/$CB one year from now. If the spot exchange rate is $1.1500/A$ one year from now, the Australian dollar has ______________________ by __________% in real terms during the year.
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Foundations In Personal Finance
Authors: Dave Ramsey
3rd Edition
1936948524, 978-1936948529
