Suppose that this month the exchange rate has increased to $1.32 and that it is time for Nevada Co. to makes its monthly purchase of materials from Spicurity to pay for the materials. Thus, the bank handling The bank must then convert this amount to In order to conduct this transaction this month, Nevada Co. now requires $ the transaction must reduce Nevada's account by this amount, denominated in and credit it to Spicurity's account True or False: The bank has not acted as a foreign exchange dealer in this transaction. False True 10 Spicurity's account. in The bar euros change dealer in this trans dollars W S account by and credit Tue or False: The bank euros cted as a foreign O False dollars O True TAL SCOD. Suppose that this month the exchange rate has increased to $1.32 and that it is time for Nevada Co. to makes its monthly purchase of materials from Spicurity to pay for the materials. Thus, the bank handling The bank must then convert this amount to In order to conduct this transaction this month, Nevada Co. now requires $ the transaction must reduce Nevada's account by this amount, denominated in and credit it to Spicurity's account True or False: The bank has not acted as a foreign exchange dealer in this transaction. False True 10 Spicurity's account. in The bar euros change dealer in this trans dollars W S account by and credit Tue or False: The bank euros cted as a foreign O False dollars O True TAL SCOD