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Your Firm Needs to Pay Its British Supplier 1,000,000 British

Question 90

Multiple Choice

Your firm needs to pay its British supplier 1,000,000 British pounds.If the exchange rate is 1.61 CAD/GBP,how many dollars will you need to pay the British supplier?


A) $1,610,000
B) $621,118
C) $385,787
D) $1,000,000
E) $1,320,000

Correct Answer:

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