Exxon Mobil wants to pay 160,000 to a German supplier. They get an exc

Exxon Mobil wants to pay 160,000 to a German supplier. They get an exchange rate quotation from its own commercial bank and instructs it to debit their dollar account and pay 160,000 to the supplier’s German account.

If the exchange rate quoted is $1.2 per euro, how much is debited to Exxon Mobil’s account? A) $160,000
B) $172,000
C) $180,000
D) $192,000
E) $150,000

ANSWER

D