Multiple Choice
If the spot exchange rate between marks and Dollars is DM1.5/$ before the Dollar depreciates by 10%, how many Dollars will it now take a U.S.payer to remit an invoice of DM500?
A) $366.67
B) $370.37
C) $750.00
D) $825.00
Correct Answer:
Verified
Correct Answer:
Verified
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