Question
A bank in Toronto charges 2.2% commission to buy and sell currencies. Assume that the current exchange rate is US$1 = C$1.1124 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$1.1124
How many Canadian dollars will you have to pay to purchase US$5,500?
How much commission in Canadian dollars (C$) will you pay the bank for the above transaction?
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Public Finance
Authors: Harvey Rosen
6th International Edition
0071121234, 978-0071121231
