Question
A bank in Toronto charges 1.75% commission to buy and sell currencies. Assume that the current exchange rate is US$1 = C$1.3163. a. How many
A bank in Toronto charges 1.75% commission to buy and sell currencies. Assume that the current exchange rate is US$1 = C$1.3163.
a. How many Canadian dollars will you have to pay to purchase US$1,420?
Round to the nearest cent
b. How much commission in Canadian dollars (C$) will you pay the bank for the above transaction?
Round to the nearest cent
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Public Finance A Contemporary Application Of Theory To Policy
Authors: David N Hyman
8th Edition
0324259700, 978-0324259704
