currency and exchange rates Flashcards
1
Q
currency
A
system if money used in a particular country
2
Q
exchange rates
A
price at which the currency is exchanged for
3
Q
increased Aus dollar
A
APPRECIATED ( ^ in value compared to another country )
4
Q
AUS $ decreased
A
DEPRECIATED ( ▾ in value compared to another country )
5
Q
international competitiveness
A
measures a countries ability to compete in global markets for goods and services