Assume A$1

question 124

Multiple Choice

Assume A$1.05 is exchangeable for one US dollar. The exchange rate is:

• A) US$1=A$0.95.
• B) A$1=US$1.05.
• C) A$1=US$0.95.
• D) both A$1=US$0.95 and US$1=A$1.05.

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Definitions:

Temporary Assistance

Short-term financial or material support provided to individuals or families in need, often by the government or charitable organizations.

Needy Families

Refers to households lacking sufficient income or resources to meet basic living expenses, such as food, clothing, and shelter.

Welfare Benefits

Financial assistance provided by government agencies to individuals or families in need, aimed at ensuring a minimum standard of living.

Income Inequality

Income inequality refers to the extent to which income is distributed unevenly among a population.