Assume today you can exchange $1 for £.7998,while last week £1 was worth $1.2506.Also assume you converted £500 into dollars last week and then converted your dollars back to pounds this week.What is your net profit or loss in pounds?
A) £) 1708
B) £) 1149
C) £) 3018
D) £) 3302
E) £) 2108
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