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Suppose that Nevada Co. has sold consulting services to Primedia, a company based in Belarus, for 810 rubles. At the time of the transaction, the
Suppose that Nevada Co. has sold consulting services to Primedia, a company based in Belarus, for 810 rubles. At the time of the transaction, the prevailing exchange rate was $0.41. If Nevada Co's bank does not desire to hold such a large amount of rubles, which of the following exchange rates might they be willing to accept when Nevada Co. seeks to exchange the rubles for dollars? $0.40 $0.48 $0.46 $0.44
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