ABC Trading Company of Singapore purchases spices in bulk from around the world, packages them into consumer size quantities and sells them through sales affiliates in Hong Kong and the Unites States. For a recent month, the following payments matrix of interaffiliate cash flows, stated in Singapore dollars, was forecasted.

$\backslash$table$[[$ABC Trading,Company,$\backslash$table$[[$y Payments Matrix $($S$$000)],[$Disbursements by:$]]],[$Singapore$,$Hong Kong,U$.$S$.],[$Receipts by:$],[$Singapore$,,,80,110],[$Hong Kong,,$16,,44],[$U$.$S$.,,22,50,]]$

If foreign exchange transactions cost ABC$0\mathrm{.}45$ percent, what savings results from netting?

Multiple Choice

$S$$$684$

$$ $$$765$

$S$$$1\mathrm{.}449$