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Suppose a bank customer with €1,000,000 wishes to trade out of euro and into Japanese yen. The dollar-euro exchange rate is quoted as $1.60 = €1.00 and the dollar-yen exchange rate is quoted at $1.00 =
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Feb 13, 2020
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Suppose a bank customer with €1,000,000 wishes to trade out of euro and into Japanese yen. The dollar-euro exchange rate is quoted as $1.60 = €1.00 and the dollar-yen exchange rate is quoted at $1.00 = ¥120. How many yen will the customer get?
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Michael Edmison
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Answer:
192,000,000 yen
Step-by-step explanation:
Please see attachment
MUHAMMED IQBAL PA
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Feb 18, 2020
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MUHAMMED IQBAL PA
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