Question
Chauncey has just returned from a business trip in Britain with 150 of uncashed traveller's cheques. How much would he receive from the bank
Chauncey has just returned from a business trip in Britain with 150 of uncashed traveller's cheques. How much would he receive from the bank when he converts the currency back to Canadian dollars, assuming that the bank offers an exchange rate of C$1.00 = 0.5547 and charges a 0.90% fee to convert the traveller's cheques to Canadian funds? For full marks your answer(s) should be rounded to the nearest cent. Amount = C$ 0.00
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