If the Australian Dollar's Value Changes from 100 Yen Per

question 127

Multiple Choice

If the Australian dollar's value changes from 100 yen per dollar to 95 yen per dollar, the Australian dollar has

• A)devalued.
• B)appreciated.
• C)depreciated.
• D)demanded.

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Definitions:

Group-centred

Focused on or revolving around the interests and needs of the group as a whole.

Laissez-faire

A policy or attitude of letting things take their own course, without interfering, often referred to in economics to describe a free-market system with minimal government intervention.

Coercion

The practice of compelling someone to act in an involuntary manner by use of threats or force.

Conformity

Deep-seated, private and enduring change in behaviour and attitudes due to group pressure.