If an Australian Exporter Receives US$23 120 in Payment for Goods

question 40

Multiple Choice

If an Australian exporter receives US$23 120 in payment for goods and the exchange rate is A$1 = US$0.5150 how many Australian dollars will it buy?

• A)$11 906.80
• B)$44 893.20
• C)$4489.32
• D)$1190.68

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Definitions:

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