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Business, 12.08.2020 05:01 mosthatedpicky1

Sanjay has euros to spend before he flies back to the United States. He wishes to purchase jewelry priced at $ (U. S.) in a duty-free shop at the airport. Euros can be bought for $ and sold for $. The owner of the duty-free shop tells Sanjay that the jewelry can be purchased for euros plus $ (U. S.). Is this a good deal for Sanjay? Assume there is a euro commission on the exchange transaction.

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