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Exchange Rates

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Question 10

The exchange rate in Zurich is 1 CHF = 1.15USD.TheexchangerateinNewYorkis 1.15 USD. The exchange rate in New York is \,1.15USD.TheexchangerateinNewYorkis1 USD = 0.88 CHF. Elena wants to change some Swiss francs (CHF) into US dollars (USD). In which of these cities would Elena get the most dollars? You must show your working.

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Exchange Rates Questions

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