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Before boarding her flight to Zurich, Switzerland, Jacqueline purchased CHF1,400 from her bank when the exchange rate was C$1 = CHF0.9742. However, Jacqueline had to
Before boarding her flight to Zurich, Switzerland, Jacqueline purchased CHF1,400 from her bank when the exchange rate was C$1 = CHF0.9742. However, Jacqueline had to cancel the trip. Jacqueline returned to the bank to convert the Swiss currency back into Canadian dollars. If the exchange rate changed to C$1 = CHF0.996, how many Canadian dollars would Jacqueline have lost in these transactions? Assume the bank has a 1.45% commission on both the sale and the purchase of the funds
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