Each team represents a group of Product Procurement Specialists for their company. Your team is responsible for acquiring a quantity of 100,000 units... but your total shipping will realize economies of scale and the total shipping cost will be reduced by 95%.

Unit Price: GBP 94.85 approximately $150.96 Canadian

Unit Shipping Price: GBP 99.99 approximately $159.14 Canadian

1 GBP is 1.6114889 Canadian dollars

Q: Your company needs to acquire the foreign funds to pay for that product in the foreign currency. Your banking institution charges a 1.29% differential from the mid-rate on its sell rate and a 1.16% differential from the mid-rate on its buy rate. Use the mid-rate you captured to calculate the exchange rate charged at your bank. Do not round this number off for future calculations

Answer rating: 100% (QA)

Answer To calculate the exchange rate charged by your bank you need to consider both the sell rate a... View the full answer