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An Australian business buys 20 million AUD worth of supplies from a supplier in Canada. The Australian company has 50% of this purchase written in
An Australian business buys 20 million AUD worth of supplies from a supplier in Canada. The Australian company has 50% of this purchase written in a check in CAD, and the remainder of the purchase is done through simply shipping over products to the Canadian supplier.
What effect does this transaction have on the Australian balance of payments. please note the type of accounts and amounts used.
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