You are an Australian marketer whose company is entering the Indian market. One Australian dollar is worth
Question:
You are an Australian marketer whose company is entering the Indian market. One Australian dollar is worth 43.34 Indian rupees. Is this an indirect or direct quote? Calculate whichever quote it is not. When the company first entered the Indian market, the exchange rate was 1 Australian dollar = 44.56 Indian rupees. Calculate the percentage change in the rate.
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The given exchange rate one Australian Dollar AUD is worth 4334 Indian Rupees INR is a direct quote ...View the full answer
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Related Book For 
International Marketing
ISBN: 9781506389219
2nd Edition
Authors: Daniel W. Baack, Barbara Czarnecka, Donald E. Baack
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