Question

The Bennetts stop in the town to draw out some money

from a local cash point and fill their car up with petrol.
The exchange rate for pounds to Euros on that day is £1:1.445 Euro
(i) Mrs Bennett draws out 100 Euros. How much is this in pounds?

Answer 1

Answer: You'll usually pay withdrawal fees, but you'll still get a better rate than you would exchanging dollars for local cash at a currency exchange booth.