currency and exchange rates Flashcards

1
Q

currency

A

system if money used in a particular country

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
2
Q

exchange rates

A

price at which the currency is exchanged for

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
3
Q

increased Aus dollar

A

APPRECIATED ( ^ in value compared to another country )

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
4
Q

AUS $ decreased

A

DEPRECIATED ( ▾ in value compared to another country )

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
5
Q

international competitiveness

A

measures a countries ability to compete in global markets for goods and services

How well did you know this?
1
Not at all
2
3
4
5
Perfectly