The CFO at SmithKlone Company receives a lump sum payment from a forei
The CFO at SmithKlone Company receives a lump sum payment from a foreign vendor of 2,000 euros and intends to convert them to US$. When she calls her currency broker, the quote given is €.6250-.6667/US$.
What can she expect to realize in US$ from the broker?
A) $3,200
B) $3,000
C) $1,250
D) $1,334
ANSWER
Answer: B
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