Suppose a U. S. importer purchases merchandise from a Dutch exporter. The Dutch goods are invoiced in euros, at a cost of €512,100. The U. S. importer contacts his U. S. bank and inquires about the exchange rate, which the bank quotes as €1.0242/$1.00. The U. S. Bank has a correspondent banking relationship with a Dutch bank. The importer accepts the quoted rate, so the U. S. bank will the importer's account in the amount of . HINT: A bank debit (credit) is a withdrawal from (deposit to) an account.