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Emma just came back from Denmark, where Danish krone (DKK) was worth $0.16. Emma still has DKK35,000 from her trip and could exchange them for
Emma just came back from Denmark, where Danish krone (DKK) was worth $0.16. Emma still has DKK35,000 from her trip and could exchange them for dollars at the airport, but the airport foreign exchange desk will only buy them for $0.15 per Danish krone. Next week, Emma will be going to Egypt and will need Egyptian pound (EGP). The airport foreign exchange desk will sell Emma Egyptian pound for $0.034 per Egyptian pound. Emma met a tourist at the airport who is from Egypt and is on her way to Denmark. She is willing to buy Emma's DKK82,000 for 370,000 Egyptian pounds. Question 21 (3.7 points) How many Egyptian pounds will Emma get if Emma chooses to make the exchange using airport foreign exchange desk
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