Today, you can exchange $1 for 0.5087. Last week, 1 was worth $1.9582. How much profit or loss would you now have if you had converted 100 into dollars last week?
A) loss of ₤0.57
B) loss of ₤0.39
C) loss of ₤0.07
D) profit of ₤0.23
E) profit of ₤0.59
Correct Answer:
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