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18. A US-based MNC wishes to sell 2,000,000 received from a French customer. With the quote given below, determine how much this company can actually

18. A US-based MNC wishes to sell 2,000,000 received from a French customer. With the quote given below, determine how much this company can actually get back.

Bank

Currency Pair

Bid

Ask

Handling Fees

XYZ

USDEUR (/$)

0.6890

0.6891

USD 150

____

  1. $2,902,336
  2. $2,902,650
  3. $2,902,186
  4. $2,902,520

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