Question
14)This chart above is from an exchange in Los Angeles, USA.This chart shows the value of one unit of foreign currencymeasured in $USD. For example,
14)This chart above is from an exchange in Los Angeles, USA.This chart shows the value ofone unit of foreign currencymeasured in $USD.For example, it shows that one Swedish krona is worth about 11 cents ($0.1143) or 13 cents ($0.1315) depending on if you are buying or selling. These rates are the equivalent to stating that 1USD = 8.75 krona (1/11.43) or 1USD= 7.60 krona. (1/.1315)
Start with $100USD.
a.Exchange the $USD for Brazilian Reals.
b.Exchange these Reals back for US$
c.With your remaining $, exchange for European Euros
d.Exchange the Euros back to USD.How much do you have left of the original $100?
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