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b. How much commission will you pay the bank for this transaction? Round to the nearest cent A bank in London, Ontario charges 2.50% commission

b. How much commission will you pay the bank for this transaction? Round to the nearest cent

A bank in London, Ontario charges 2.50% commission to buy and sell currencies. Assume that the current exchange rate is US$I = C$l .3635. a. How many Canadian dollars will you receive from the bank if you sell US$1,355? Round to the nearest cent

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