You exchange USD100,000 into Hong Kong dollars today at HKD7.8= USD1,earn 7% on your Hong Kong investment,and exchange back into US dollars at a rate of HKD8.0 = USD1.How much wealthier are you as a result?
A) $2,600
B) $4,325
C) $6,000
D) $9,744
Correct Answer:
Verified
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