Business, 21.11.2019 00:31 kokilavani
Upon arrival in chile, karen exchanged $1,000 of u. s. currency into 480,000 chilean pesos. while returning after her two month visit, she exchanged her remaining 50,000 pesos into $100 of u. s. currency. what amount of gain or a loss did karen experience on the 50,000 pesos she held during her visit and converted to u. s. dollars at the departure date?
a. loss of $4.
b. gain of $4.
c. loss of $6.
d. no gain or loss.
Answers: 2
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Upon arrival in chile, karen exchanged $1,000 of u. s. currency into 480,000 chilean pesos. while re...
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