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For an Upcoming Trip,Pat Wants to Buy Euros at the Local

Question 37

Multiple Choice

For an upcoming trip,Pat wants to buy Euros at the local bank when the current exchange rate quoted on HYPERLINK "http://www.OANDA.com" http://www.OANDA.com was $1.563 per €1. What should Pat plan to pay for €1,000?


A) exactly $1,563
B) more than $1,563
C) about $640
D) less than $640

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