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A bank in London, Ontario charges 3.25% commission to buy and sell currencies. Assume that the current exchange rate is US$1 = C$1.3751. a. How

A bank in London, Ontario charges 3.25% commission to buy and sell currencies. Assume that the current exchange rate is US$1 = C$1.3751.

a. How many Canadian dollars will you receive from the bank if you sell US$1,300?

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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