Assume today you can exchange $1 for €.8026,while 1 month ago €1 was worth $1.2272.Assume you converted €300 into dollars last month and then converted your dollars back to euros this week.What is your net profit or loss in euros?
A) €3.82
B) −€4.51
C) −€3.78
D) €3.49
E) −€4.91
Correct Answer:
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