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A friend recently opened a cafe in Circular Quay serving all Australian made coffee and desserts as well as souvenirs. One day while visiting them
A friend recently opened a cafe in Circular Quay serving all Australian made coffee and desserts as well as souvenirs. One day while visiting them you say, Arent you worried about the recent strengthening of the Australian dollar. He replies No, everything we source here is from Australia so there is nothing to be concerned about. Is your friend correct? Explain your answer in no more than 2 sentences using theory discussed in Interantional finance class.
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