Solved

You Can Buy Euros at a Currency Exchange Store or at the Airport

Question 128

Multiple Choice

You can buy euros at a currency exchange store or at the airport. If you want to buy €250, would it be better to pay a 1% transaction fee or a flat service charge of $10.00? Use C$1.00 = €0.64491 as the exchange rate.


A) 1% transaction fee more expensive by $6.12
B) 1% transaction fee less expensive by $6.12
C) flat service charge less expensive by $6.12
D) flat service charge more expensive by $6.12
E) no difference in fee

Correct Answer:

verifed

Verified

Unlock this answer now
Get Access to more Verified Answers free of charge

Related Questions

Unlock this Answer For Free Now!

View this answer and more for free by performing one of the following actions

qr-code

Scan the QR code to install the App and get 2 free unlocks

upload documents

Unlock quizzes for free by uploading documents