Question
In 2019 a British investor purchases EUROS at an exchange rate of 1GBP = 1.15 EUROS. In 2020 the exchange rate is 1GBP = 1.10
In 2019 a British investor purchases EUROS at an exchange rate of 1GBP = 1.15 EUROS. In 2020 the exchange rate is 1GBP = 1.10 EUROS. If his investment was 10,000 GBP. How much did he win or lose?
If your answer is a loss use the minus sign (Ex loss 300 write -300)
Round your answer to zero decimal places
Don't use comma separators
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Banking Secrecy And Global Finance
Authors: Donato Masciandaro, Olga Balakina
1st Edition
1137400099, 978-1137400093
