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Posted on Jul 11, 2024

If exchange rate for euro were to change from 0.6 euro per AUD, to 0.8 euro per AUD, would the Australian balance of payments improve?

If exchange rate for euro were to change from 0.6 euro per AUD, to 0.8 euro per AUD, would the Australian balance of payments improve? Explain. (Total 8 marks)

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