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How many canadian dollars will you have to pay to purchase

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Reference no: EM133528708

A bank in Toronto charges 2.7% commission to buy and sell currencies. Assume that the current exchange rate is US$1 = C$1.1173.

Question a. How many Canadian dollars will you have to pay to purchase US$3,500?

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

 

Reference no: EM133528708

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