External Stability (HSC SSCE Economics): Quizzes
📚Quizzes
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Practise the questions
10 questions from this quiz
What is the Australian dollar's ranking among the world's most traded currencies?
What is the Australian dollar's ranking among the world's most traded currencies?
Fifth-most traded
What percentage of global trade does Australia account for?
What percentage of global trade does Australia account for?
1%
Which currency does NOT rank above the Australian dollar in trading volume?
Which currency does NOT rank above the Australian dollar in trading volume?
Swiss franc
What value did the Australian dollar peak at against the US dollar in 2011?
What value did the Australian dollar peak at against the US dollar in 2011?
1.10 USD
What was the key driver of rising commodity prices after 2003?
What was the key driver of rising commodity prices after 2003?
Surging Chinese demand for resources
How does currency depreciation act as an automatic stabiliser?
How does currency depreciation act as an automatic stabiliser?
Makes exports cheaper & imports dearer
What interest rate did the Reserve Bank reach by November 2020?
What interest rate did the Reserve Bank reach by November 2020?
0.1%
How did debt servicing costs change from 2021-22 to 2022-23?
How did debt servicing costs change from 2021-22 to 2022-23?
Nearly doubled from 18 to 33 billion
Why did the AUD weaken in 2022-2023?
Why did the AUD weaken in 2022-2023?
Global rates rose faster than AUD rates
What triggers a vicious cycle in currency depreciation?
What triggers a vicious cycle in currency depreciation?
Fear & speculation accelerate decline