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Question 2. (2.5 marks) (max 150 words) Today you notice the following exchange rate quotations: (a) A$1= 3 Malaysian ringgit and (b) 1 Malaysian ringgit
Question 2. (2.5 marks) (max 150 words) Today you notice the following exchange rate quotations: (a) A$1= 3 Malaysian ringgit and (b) 1 Malaysian ringgit = 0.48 Singapore dollars. You need to purchase 100,000 Singapore dollars with Australian dollars. How many Australian dollars will need for your purchase?
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