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Rio Games and the Brazilian Real. Ryan Lock had planned his trip to the Olympic Games in Rio de Janeiro, Brazil, for many months. He

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Rio Games and the Brazilian Real. Ryan Lock had planned his trip to the Olympic Games in Rio de Janeiro, Brazil, for many months. He had budgeted-saved-$13,000 for expenses while in Rio. But he had postponed exchanging the dollars for Brazilian currency-real (BRL or R$)until the very last minute on August 8th, doing it in the airport in the United States at BRL 2.8357 = 1.00 USD. Given the following average monthly exchange rates in 2016, B, when should he have exchanged the dollars for real to maximize his Brazilian spending money? To maximize his Brazilian spending money, Ryan Lock should have exchanged the dollars for real in of 2016 when the spot exchange rate in Brazilian real per dollar was the (Select from the drop-down menus.) Rio Games and the Brazilian Real. Ryan Lock had planned his trip to the Olympic Games in Rio de Janeiro, Brazil, for many months. He had budgeted-saved-$13,000 for expenses while in Rio. But he had postponed exchanging the dollars for Brazilian currency-real (BRL or R$)until the very last minute on August 8th, doing it in the airport in the United States at BRL 2.8357 = 1.00 USD. Given the following average monthly exchange rates in 2016, B, when should he have exchanged the dollars for real to maximize his Brazilian spending money? To maximize his Brazilian spending money, Ryan Lock should have exchanged the dollars for real in of 2016 when the spot exchange rate in Brazilian real per dollar was the (Select from the drop-down menus.)

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