The CFO at SmithKlone Company Receives a Lump Sum Payment

Multiple Choice

The CFO at SmithKlone Company receives a lump sum payment from a foreign vendor of 2,000 euros and intends to convert them to US$.When she calls her currency broker,the quote given is €.6250-.6667/US$.What can she expect to realize in US$ from the broker?

A) $3,200
B) $3,000
C) $1,250
D) $1,334