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Before boarding her flight to Zurich, Switzerland, Liz purchased CHF 1250 (Swiss Currency)from her bank when the exchange rate was C$1 = CHF0.9681. However, her
Before boarding her flight to Zurich, Switzerland, Liz purchased CHF 1250 (Swiss Currency)from her bank when the exchange rate was C$1 = CHF0.9681. However, her flight was cancelled and she returned to the bank to convert the Swiss currency back into Canadian dollars. If the exchange rate had increased to C$1 = CHF0.9832, how many Canadian dollars would Liz have lost in these transactions? Assume the bank has a 0.40% commission on the last transaction only.
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