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How many canadian dollars will you have to pay to purchase

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Reference no: EM133152260

Question - A bank in Toronto charges 2.25% commission to buy and sell currencies. Assume that the current exchange rate is US$1 = C$1.3817.

a. How many Canadian dollars will you have to pay to purchase US$1,465?

b. How much commission in Canadian dollars (C$) will you pay the bank for the above transaction?

Reference no: EM133152260

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