If One USDollar Could Be Exchanged for One Australian Dollar in 1970,and

question 48

Multiple Choice

If one U.S.dollar could be exchanged for one Australian dollar in 1970,and one U.S.dollar can now be exchanged for 0.98 Australian dollars,which of the following is true?

• A)The U.S.dollar gained value against the Australian dollar.
• B)The Australian dollar lost value against the U.S.dollar.
• C)The Australian dollar gained value against the U.S.dollar.
• D)Both A and C are true.

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Health Club

A facility that offers health and fitness services, including exercise equipment, fitness classes, and sometimes additional wellness services.

Administrative Expense

Expenses that are not directly tied to the production of goods or services, such as office supplies, salaries of administrative personnel, and rent for office space.

Period Cost

Costs that are not directly tied to the production process and are expensed in the period in which they are incurred.

Plastic Parts

Components or materials made out of plastic, often used in manufacturing and production of various goods.