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At the foreign currency dealer, you are able to see the following direct quote: TZS/US$ 1,500 - 1,600. Required i. Convert the direct quote
At the foreign currency dealer, you are able to see the following direct quote: TZS/US$ 1,500 - 1,600. Required i. Convert the direct quote into indirect quote version. ii. If the dealer buys and sells US$1,000, show calculations for the profit or loss would be made on the transaction if direct quotation or indirect quotation is used.
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Management and Cost Accounting
Authors: Colin Drury
8th edition
978-1408041802, 1408041804, 978-1408048566, 1408048566, 978-1408093887
