Isaac Dez Peris lives in Rio de Janeiro. While attending school in Spain he meets Juan Carlos Cordero from Guatemala. Over the summer holiday Isaac decides to visit Juan Carlos in Guatemala City for a couple of weeks. Isaac's parents give him some spending money, R$5,000. Isaac wants to exchange the R$5,000 to Guatemlan quetzals (GTQ). He collects the following rates: Spot rate on the GTQ/ cross rate GTQ 12.50/ Spot rate on the /reais cross rate 0.3250/R$ How many quetzals will Isaac get for his reais? GTQ 20,312 O GTQ 15,385 GTQ 1,231 O GTQ 21,246