Posted by: Pdfprep
Post Date: January 15, 2021
CORRECT TEXT
A business based in Country
A . agrees to buy a software package from a company based in Country O tor 20.000 Country O dollars 12 months time. At the time of the contract the exchange rate was 1 O dollar (0$) to 1.5 Country A pounds (A£). When payment ism Rate is O$1 to A£1 4.
What is the exchange rate gain (+) or loss (-) made by the Country A business?
Give your answer to a whole number.
Answer: £2000
Leave a Reply