Asked by
uNoxolo Mnguni
on Nov 12, 2024
Verified
If the U.S.dollar appreciates,it becomes cheaper for Australians to visit their relatives in the United States.
U.S. Dollar
The official currency of the United States, widely used as a benchmark in global financial transactions.
Appreciates
Refers to an increase in value or price of an asset, currency, or commodity over time.
- Understand the consequences of currency appreciation and depreciation on trade activities and personal monetary matters.
Verified Answer
AS
Learning Objectives
- Understand the consequences of currency appreciation and depreciation on trade activities and personal monetary matters.