Question
A .A bank in Mississauga has a buying rate of 1 = C$0.01291. If the exchange rate is 1 = C$0.01321, calculate the rate of
A .A bank in Mississauga has a buying rate of 1 = C$0.01291. If the exchange rate is 1 = C$0.01321, calculate the rate of commission that the bank charges to buy currencies.
Round to two decimal places
B.Garrett found US$130 in her attic and sold it to a bank that charged her a commission of 0.30%. How much did she receive from the bank? Assume that the exchange rate was C$1 = US$0.76.
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School Finance A Policy Perspective
Authors: Allan Odden, Lawrence Picus
6th Edition
1259922316, 9781259922312
