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Australia and Taiwan trade extensively and the currencies of both the countries are freely floating. AUD/TWD = 20.6025. Inflation in Australia shoots up. Which of

Australia and Taiwan trade extensively and the currencies of both the countries are freely floating. AUD/TWD = 20.6025. Inflation in Australia shoots up. Which of the following is more likely to happen? AUD/TWD= 21.6525 AUD/TWD = 19.4523 AUD/TWD does not move AUD/TWD = 2.2985

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