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The US dollar has appreciated against the Australian Dollar by 12% over the past year. Over this period inflation in the USA has been 5.9%,
The US dollar has appreciated against the Australian Dollar by 12% over the past year. Over this period inflation in the USA has been 5.9%, and inflation in Australia has been 1%. By approximately how much has the US dollar appreciated (+) or depreciated (-) IN REAL TERMS against the Australian dollar? a. 17.4% b. 6.8% c. 19.8% d. 21.4% e. 12% Step by Step Solution
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Evolutionary Finance
Authors: Bartholomew Frederick Dowling
1st Edition
0230502199, 9780230502192
