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Upon arrival at the international airport in the country of Canteberry, Charles Alt exchanged $200 of U.S. currency into 1,000 florins, the local currency unit.
- Upon arrival at the international airport in the country of Canteberry, Charles Alt exchanged $200 of U.S. currency into 1,000 florins, the local currency unit. Upon departure from Canteberry's international airport on completion of his business, he exchanged his remaining 100 florins into $15 of U.S. currency. How much gain or loss did Charles experience when he converted the 100 florins to U.S. dollars upon returning to the U.S.?
- A.Loss of $5
- B.Gain of $5
- C.Loss of $10
- D.No gain or loss
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