FOREIGN CURRENCIES AND FOREIGN EXCHANGE
You should make at least 5 US dollars out of Handout 2. The teacher keeps the dollars. ... $5000 will buy 3377 British pounds in month 1 and 3117 pounds in month 2 for a difference of 260 pounds. It would be in the best interest of the family to go to London in month 1 before it depreciates. ................
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