Today you notice the following exchange rate quotations: *$1 is equal to 4.50 Argentine pesos *1 Argentine peso = 0.55 Canadian dollars You need to
Today you notice the following exchange rate quotations:
*$1 is equal to 4.50 Argentine pesos
*1 Argentine peso = 0.55 Canadian dollars
You need to purchase 100,000 Canadian dollars with U.S. dollars. How many U.S. dollars will you need for your purchase?
| A. | $34,791 | |
| B. | $40,404 | |
| C. | $47,862 | |
| D. | $51,948 | |
| E. | $61,297 |
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Authors: Steve Preda
1st Edition
0998447846, 978-0998447841
