Interpreting Exchange Rate Quotations Today you notice the following exchange rate quotations: (a) $1 = 3.00 Argentine
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Interpreting Exchange Rate Quotations Today you notice the following exchange rate quotations:
(a) $1 = 3.00 Argentine pesos and
(b) 1 Argentine peso = .50 Canadian dollars. You need to purchase 100,000 Canadian dollars with U.S. dollars.
How many U.S. dollars will you need for your purchase?
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