2. Given the following currency exchange rates: Time period 1: AUD $1.25/ Time period 2: AUD $1.50/...
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Question:
2. Given the following currency exchange rates:
Time period 1: AUD $1.25/€
Time period 2: AUD $1.50/€
a. The % change of the value of € from time period 1 to time period 2 is:
A) -20%
B) +20%
C) -16.25%
D) +16.25%
b. The % change of the value of AUD $ from time period 1 to time period 2 is:
A) +20%
B) -20%
C) +16.25%
D) -16.25%
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