1. The U.S. dollar price of a Swedish krona changes from $0.1572 to $0.1730. A) Has the dollar depreciated or appreciated against the krona?

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1. The U.S. dollar price of a Swedish krona changes from $0.1572 to $0.1730.

A) Has the dollar depreciated or appreciated against the krona? ($500)

B) Has the krona appreciated or depreciated against the dollar? ($500)

2. Suppose you want to import a pair of authentic Aussie Ugg Boots. The retail price in Australia is $299 AUD. If the current exchange rate is 0.80 USD = 1 AUD, how many USD do you need to buy the boots? ($1,000)

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