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Suppose 1.20 Mexican dollars could be purchased in the foreign exchange market for one U.S. dollar today. If Mexican dollar depreciates by 4.0% tomorrow, how

Suppose 1.20 Mexican dollars could be purchased in the foreign exchange market for one U.S. dollar today. If Mexican dollar depreciates by 4.0% tomorrow, how many Australian dollars could one U.S. dollar buy tomorrow?

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