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​If a US Firm's Sales in Australia Are Much Greater Than Its

Question 39

Multiple Choice

​If a U.S. firm's sales in Australia are much greater than its cost of goods sold in Australia, the appreciation of the Australian dollar has a ____ impact on the firm's ____.


A) ​positive; interest expenses
B) ​positive; gross profit
C) ​negative; interest expenses
D) ​negative; gross profit

Correct Answer:

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