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Mason just came back from Egypt, where Egyptian pound (EGP) was worth $0.034. Mason still has EGP35,000 from his trip and could exchange them for
Mason just came back from Egypt, where Egyptian pound (EGP) was worth $0.034. Mason still has EGP35,000 from his trip and could exchange them for dollars at the airport, but the airport foreign exchange desk will only buy them for $0.033 per Egyptian pound. Next week, Mason will be going to Denmark and will need Danish krone. The airport foreign exchange desk will sell Mason Danish krone for $0.14 per Danish krone. Mason met a tourist at the airport who is from Denmark and is on her way to Egypt. She is willing to buy Mason's EGP35,000 for 8,300 Danish krone. Question 21 (3.33 points) How many Danish krone will Mason get if Mason chooses to make the exchange using airport foreign exchange desk? 148,484.85 Danish krone. 8,250.00 Danish krone. 8,500.00 Danish krone. 144,117.65 Danish krone
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