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

Question 60

Multiple Choice

For an upcoming trip, Pat wants to buy Euros at the local bank when the current exchange rate quoted on 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

Correct Answer:

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