Rate of US dollars

by | Oct 5, 2021 | Homework Help

Assume that the exchange rate of US dollars to euros is $ 1.80 to 1 euro. How much would a US company gain or lose if the company has a 10,000 euro receivable and the exchange rate went to $ 1.75 to 1 euro?10,000 loss $10,000 gain$500 loss$500 gainAssume that the exchange rate of US dollars to Euros is $ 1.80 to 1 euro. How much would aUS company gain or lose if the company has a 10,000 euro receivable and the exchange ratewent to $ 1.75…

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