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Your company imports German beer for Octoberfest. On Sep 1 you agree to buy 24 cases of Spaten October Fest at 15 EUR each, when

Your company imports German beer for Octoberfest. On Sep 1 you agree to buy 24 cases of Spaten October Fest at 15 EUR each, when EUR/USD was 1.0700.On Sep 15 the beer arrives, how many EUR do you pay? The spot rate for your exchange was 1.0200. How many USD did the beer actually cost you

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