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Salem purchased a shirt for US$ 2 0 from the Niagara outlet mall in Buffalo on his credit card. The actual transaction on the statement

Salem purchased a shirt for US$

20

from the Niagara outlet mall in Buffalo on his credit card. The actual transaction on the statement shows a value of C $

22.45 .

It also includes

2.5 %

commission. Calculate the exchange rate used by the bank on the statement?

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