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Suppose a bank customer with 1,000,000 wishes to trade out of euro and into Japanese yen. The dollar-euro exchange rate is quoted as $1.60 =
Suppose a bank customer with 1,000,000 wishes to trade out of euro and into Japanese yen. The dollar-euro exchange rate is quoted as $1.60 = 1.00 and the dollar-yen exchange rate is quoted at $1.00 = 120. How many yen will the customer get?
Group of answer choices
a) 5,208.33
b) 75,000,000
c) 192,000,000
d) 5,208,333
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