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