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Suppose a bank customer with 2,000,000 wishes to trade out of and into . The dollar-euro exchange rate is quoted as $1.50 = 1.00 and
Suppose a bank customer with 2,000,000 wishes to trade out of and into . The dollar-euro exchange rate is quoted as $1.50 = 1.00 and the dollar-yen exchange rate is quoted at $1.00 = 125. How many will the customer get?
Select one:
a. EUR 100,666.667
b. EUR 10,666.667
c. EUR 5,333.333
d. EUR 53,333.333
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