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)