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A bank in Toronto charges 2.2% commission to buy and sell currencies. Assume that the current exchange rate is US $1=C$1.1188. a. How many Canadian
A bank in Toronto charges 2.2% commission to buy and sell currencies. Assume that the current exchange rate is US $1=C$1.1188. a. How many Canadian dollars will you have to pay to purchase US $2,500? 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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AS Accounting For AQA
Authors: David Cox,Michael Fardon
2nd Edition
1905777140, 978-1905777143
