Question
1 A bank in London, Ontario has a buying rate of CHF 1 = C$1.3491. If the exchange rate is CHF 1 = C$1.3785, calculate
1
A bank in London, Ontario has a buying rate of CHF 1 = C$1.3491. If the exchange rate is CHF 1 = C$1.3785, calculate the rate of commission that the bank charges.
2
Jonathan found US$130 in his attic and sold it to a bank that charged him a commission of 0.35%. How much did he receive from the bank? Assume that the exchange rate was C$1 = US$0.75.
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Unlock The Potential Of Forex An Essential Guide To Forex Trading
Authors: Enoch Grennan
1st Edition
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