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Hon 22 Refer to the quotes in the above question. The dealer is about to sell 20 million euros to a MNC. How many dollars

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Hon 22 Refer to the quotes in the above question. The dealer is about to sell 20 million euros to a MNC. How many dollars would the bank receive from the MNC for the euros (rounded to the nearest dollar Answer: 515.108.000 $15.720,000 525.445.293 526476039 Gestion 21 A European bank quotes the following rates: Bid Ask e 0.7554/5 0.7860/5 If an MNC needs to exchange $16 million it has, how many euros would it receive (rounded to the nearest dollar)? Answers: e 12.086,400 12.576,000 e 21,180,832 20,356,234

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