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MANAGEMENT ECONOMICS FOREIGN EXCHANGE RATES You are planning a well-eamed vacation and are trying to decide where to go. Your travel agent friend has negotiated
MANAGEMENT ECONOMICS FOREIGN EXCHANGE RATES You are planning a well-eamed vacation and are trying to decide where to go. Your travel agent friend has negotiated the following all-inclusive deals for you. Destination Cost Montreal, Canada 2,100 (Canadian Dollars) Berlin, Germany 1,850 (Euros) Tokyo, Japan 300,600 (Japanese Yen) Mexico City, Mexico 21,500 (Mexican Peso) After considering your options and scrutinizing your bank account (all your funds are in U.S. dollars), you decide to choose the least expensive destination. Where are you going? Explain and show your calculations
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