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You Are a CFO of a Major Corporation, and Want

Question 18

Multiple Choice

You are a CFO of a major corporation, and want to buy dollars in exchange for euros. The bank quotes you the following currency rate ($/€) : 1.50-1.52. At what rate will you buy?


A) 1.50
B) 1.51
C) 1.52
D) Insufficient information to answer this question.

Correct Answer:

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