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You operate an Australian business that buys large quantities of cocaine from some associates in Colombia. You receive invoices for your purchases that are denominated

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You operate an Australian business that buys large quantities of cocaine from some associates in Colombia. You receive invoices for your purchases that are denominated in Australian dollars (AUD). What is your exchange rate exposure? Select one: A strengthening AUD. You have no exchange rate risk because the invoices are denominated in AUD. A weakening AUD

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