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An Australian company plans to import machinery from the United States at a cost of $25,000 USD. If the current nominal exchange rate is 1.50 Australian dollars (AUD) per US dollar (USD), what is the total cost of the machinery in Australian dollars?
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An Australian company plans to import machinery from the United States at a cost of $25,000 USD. If the current nominal exchange rate is 1.50 Australian dollars (AUD) per US dollar (USD), what is the total cost of the machinery in Australian dollars?
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