Heavy Company sold metal scrap to a Brazilian company for 200,000 Brazilian reals on December 1, 20X8, with payment due on January 20, 20X9. The exchange rates were: December 1, 20X81 real=$0.5435December 31, 20X81 real= 0.5192January 20, 20X91 real= 0.5305Based on the preceding information, which of the following is true of dollar's movement vis-à-vis Brazilian real during the period? Dec 1 - 31Jan 1 - 20A.Dollar weakenedDollar strengthenedB.Dollar weakenedDollar weakenedC.Dollar strengthenedDollar strengthenedD.Dollar strengthenedDollar weakened
A. Option A
B. Option B
C. Option C
D. Option D
Answer: D
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