Question: Upon arrival in Mexico, Sandy exchanged $ 1 , 0 0 0 of U . S . currency into 4 , 8 0 , 0

Upon arrival in Mexico, Sandy exchanged $1,000 of U.S. currency into 4,80,000 Mexican 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 Sandy 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.O b. No gain or lossO c. Gain of $4.O d. Loss of $6.

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