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QUESTION 24 AUS bank converted $1 million to Swiss france to make a Swiss frine loan to a value corporate customer when the exchange rate
QUESTION 24 AUS bank converted $1 million to Swiss france to make a Swiss frine loan to a value corporate customer when the exchange rate was despese Two o repay the principal plus 5 percent interest in one year. When the loan was repaid, the exchange rate was 0.85 dollars per free. What was the booke's dollarate of tun? 8.73% 5.00% -2.31% 11.56% 3-1.18%
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The Global Financial Crisis What Have We Learnt
Authors: Steven Kates
1st Edition
0857934228, 978-0857934222
