During 2012 the value of the Australian dollar rose due to the perception that the Australian economy was strong. The rise in value was a good thing for Australians travelling overseas for their holidays; it also:
A) made Australian exports less expensive for overseas buyers.
B) made Australian exports more expensive for overseas buyers.
C) made Australian exports parallel with imports.
D) had no effect on Australian exports.
E) is known as hedging.
Correct Answer:
Verified
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