3. Which of the following currency movements would disadvantage a Chinese importer of wool from Australia? Select all correct answers only. Wool is priced in AUD.

Select one or more:

a. Appreciation of the CNY compared to the AUD.

b. Appreciation of the AUD compared to the JPY.

c. Depreciation of the CNY compared to the AUD

d. Depreciation of the AUD compared to the CNY.

e. Appreciation of the AUD compared to the CNY.