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Your friend lives in Brazil and plans to visit Guatemala. He has saved some spending money, R$5,400 and plans to exchange it to Guatemalan quetzal

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Your friend lives in Brazil and plans to visit Guatemala. He has saved some spending money, R$5,400 and plans to exchange it to Guatemalan quetzal (GTQ). He collects the following rates: Spot rate on the GTQ/cross rate Spot rate on the /reals cross rate GTQ 10.5699/ 0.4362/R$ How many quetzals will your friend get for his reais? O 29,508 O 29.047 0 28,586 O 29.969

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