Author Question: If the official gold value of the Australian dollar changes from 470 Australian dollars per ounce to ... (Read 193 times)

strangeaffliction · **on:** Jun 30, 2018

If the official gold value of the Australian dollar changes from 470 Australian dollars per ounce to 493 Australian dollars per ounce, we can say that the Australian dollar has appreciated in value.
a. True
b. False
Indicate whether the statement is true or false

Question 2

In foreign exchange markets, the demand for dollars is determined:
a. solely by the level of U.S. merchandise exports.
b. solely by the level of U.S. merchandise imports.
c. by the level of U.S. imports and the demand for foreign assets by U.S. citizens and the U.S. government.
d. by the level of U.S. exports and the demand for U.S. assets by foreigners.