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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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