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A bank in London, Ontario charges 2.75 commission to buy and sell currencies. Assume that the current exchange rate is US ( $ 1=C $
A bank in London, Ontario charges \2.75 commission to buy and sell currencies. Assume that the current exchange rate is US \\( \\$ 1=C \\$ 1.3109 \\). a. How many Canadian dollars will you receive from the bank if you sell US \\( \\$ 1,340 \\) ? Round to the nearest cent b. How much commission will you pay the bank for this transaction? Round to the nearest cent
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