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%