U.S. tourists planning a trip to Australia:
A) would be displeased if the U.S. dollar appreciated against the Australian dollar.
B) do not care whether the U.S. dollar appreciated against the Australian dollar.
C) benefit more by converting U.S. dollars to Australian dollars before the U.S. dollar depreciates against the Australian dollar rather than after.
D) benefit more by converting U.S. dollars to Australian dollars after the U.S. dollar depreciates against the Australian dollar rather than before.
Correct Answer:
Verified
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