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A.) You have just landed in London with $500 in your wallet. Stopping at the foreign exchange booth, you see that pounds are being quoted
A.) You have just landed in London with $500 in your wallet. Stopping at the foreign exchange booth, you see that pounds are being quoted at $1.95/. For how many pounds can you exchange your $500?
B.) Your firm needs to pay its French supplier 500,000. If the exchange rate is 0.65/$, how many dollars will you need to make the exchange?
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