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WAEconomicsQuick questions
Unit 3: Australia and the Global Economy
Quick questions on Exchange rates: WACE Year 12 Economics Unit 3
2short Q&A pairs drawn directly from our worked dot-point answer. For full context and worked exam questions, read the parent dot-point page.
What is demand for AUD?Show answer
The demand curve for AUD slopes downward (a lower AUD makes Australian assets and goods cheaper, raising quantity demanded). Demand comes from foreigners who need AUD to:
What is supply of AUD?Show answer
The supply curve slopes upward. Supply comes from Australians who sell AUD to obtain foreign currency to:
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