Question: Based on the exchange rates in the table in Problem 20, how many fewer Canadian dollars will you receive if you convert US$165 at ICE

Based on the exchange rates in the table in Problem 20, how many fewer Canadian dollars will you receive if you convert US$165 at ICE instead of at the Royal Bank? On any currency exchange transaction, ICE applies a C$3.50 service charge.

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ICE will buy US at C10360 per USFor US165 ... View full answer

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