1. 11. Transaction costs (advanced). Genevive received as a graduation present a one-week cruise on the Baltic...

Question:

1. 11. Transaction costs (advanced). Geneviève received as a graduation present a one-week cruise on the Baltic Sea that will take her from Kiel (Germany) to Copenhagen (Denmark), Stockholm (Sweden), and Saint Petersburg (Russia)

before returning to Kiel. She embarks on the M/S Sibelius in Kiel. She decides to exchange her €2,500 savings in the currency of the next port of call

(Copenhagen) and will exchange what she does not spend in Copenhagen in the currency of the next port of call. To her disappointment, she does not find any souvenirs to buy that she likes at any port of call and returns to Kiel without having spent a single cent. How many euros is she left with? €1 = DKK 9.3847-82 = SEK 10.4717-57 = RUB 51.2108-98.

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