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A bank in Mississauga has a buying rate of 1 = C$0.01042. If the exchange rate is 1 = C$0.01082, calculate the rate of commission
A bank in Mississauga has a buying rate of 1 = C$0.01042. If the exchange rate is 1 = C$0.01082, calculate the rate of commission that the bank charges to buy currencies.
%
Round to two decimal places
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Handbook Of Key Global Financial Markets Institutions And Infrastructure
Authors: Gerard Caprio
1st Edition
0123978734, 9780123978738
