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How many usd will receive

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Reference no: EM132907534

The COVID-19 pandemic is over, and you decide to celebrate by going on a vacation to the United States of America. The following quotes are provided by a Foreign Exchange (FX) dealer at the airport.

                        BUY               SELL

USD             0.7421             0.7315

Problem a) If you are exchanging 32 000 AUD (Australian Dollars), how many USD (US Dollars) will you receive?

Problem b) Upon returning from the USA, you have 2 600 USD which you wish to convert back to AUD. How much will you receive?

Reference no: EM132907534

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