Briefly explain TWO possible causes of the depreciation of the Australian dollar in recent years (2 marks)
It's a question in the leading edge workbook second edition page 65
the problem is that i've got one possible cause :
Persisent CAD may undermine the confidence of international investors in the Aust. economy and by reducing demand for the currency, this may result in the deprecation of the AUD as seen in recent years.
anybody have another possible causes? i modelled my answer on the online answers and my own words, but the second answer they give is "The Perception of AUstralia as an 'old' economy, with little development of growth, such as telecommunications and pharmaceutricals, which make up the so-called 'new' ecnomy", in my opinion not very relevant to the question
It's a question in the leading edge workbook second edition page 65
the problem is that i've got one possible cause :
Persisent CAD may undermine the confidence of international investors in the Aust. economy and by reducing demand for the currency, this may result in the deprecation of the AUD as seen in recent years.
anybody have another possible causes? i modelled my answer on the online answers and my own words, but the second answer they give is "The Perception of AUstralia as an 'old' economy, with little development of growth, such as telecommunications and pharmaceutricals, which make up the so-called 'new' ecnomy", in my opinion not very relevant to the question