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Mr. Parr travels internationally to Batu, where the local currency is bateen. He exchanges his $200 U.S. dollars for 1,000 bateen upon arrival. When he
Mr. Parr travels internationally to Batu, where the local currency is bateen. He exchanges his $200 U.S. dollars for 1,000 bateen upon arrival. When he leaves Batu, he exchanges his remaining 100 bateen for $10. What has happened to the value of the dollar during Mr. Parr's trip? 1. The dollar has strengthened relative to bateen during Mr. Parr's stay. 2. The dollar has weakened relative to bateen during Mr. Parr's stay. 3. Mr. Parr has not properly hedged his Investment during his stay. 4. Mr. Parr has overspent his cash during his stay
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