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Below are bank bid and ask rates. table [ [ Bid rate of $ 0 . 0 1 7 1 5 7 Thilippine Peso
Below are bank bid and ask rates.
tableBid rate of $ Thilippine PesoAsk rate of $ Thilippine PesoBid rate of $ Taisan New DollarAsk rate of $ Taiman New DollarBid rate of $ Japanese YenAsk rate of $ Japanese Yen
You start a trip to the Philippines with $ in cash and convert that amount into Philippine Pesos PHP You can py every thing by credit card, so you convert your Philippine Pesos back into US dollars when you leave.
a Calculate the number of PHP you purchase when you start.
b Calculate the number of dollars you have when you leave.
You then travel to Taiwan and convert all the US dollars you have upon leaving the Philippines into Taiwanese Dollars TWD You are once again able to pay everything by credit card, so you convert your Taiwanese Dollars back into US dollars when you leave.
c Calculate the number of TWD you purchase when you start.
d Calculate the number of dollars you have when you leave.
You then travel to Japan and convert all the US dollars you have upon leaving Taiwan into Japanese Yen JPY You are once again able to pay everything by credit eard, so you convert your Japanese Yen back into US dollars when you leave for home.
c Calculate the number of JPY you purchase when you start.
f Calculate the number of dollars you have when you leave.
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