a) Based on the exchange rates in the above table, what was the percent transaction cost on your purchase of €1,100 from each of the Royal Bank and the airport currency exchange kiosk? On any currency exchange transaction, the airport currency exchange kiosk applies a C$3.50 service charge.
b) You returned from your trip to Italy with €53. Assuming the exchange rates remained the same, what percent transaction cost would you have paid to convert €53 back to C$ at the Royal Bank and at the airport currency exchange kiosk?

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The Answer of a) Based on the exchange rates in the above table, what was the percent transaction cost on your purchase of €1,100 from each of the Royal Bank and the airport currency exchange kiosk? On any currency exchange transaction, the airport currency exchange kiosk applies a C$3.50 service charge.
b) You returned from your trip to Italy with €53. Assuming the exchange rates remained the same, what percent transaction cost would you have paid to convert €53 back to C$ at the Royal Bank and at the airport currency exchange kiosk?

A) Based on the Exchange Rates in the Above Table