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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$1.3515. a. How many
A bank in London, Ontario charges 2.75% commission to buy and sell currencies. Assume that the current exchange rate is US $1=C$1.3515. a. How many Canadian dollars will you receive from the bank if you sell US $1,375 ? 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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