Asked by Anita Inthavong on May 14, 2024
Verified
A German firm has contracted to sell a U.S. firm goods valued at 140,000 euro. The euro is valued at $1.45. Compute the value of the shipment in U.S. dollars.
German Firm
A business or company that is registered, headquartered, or primarily operates within Germany.
U.S. Firm
A company or business that is registered and operates in the United States of America.
U.S. Dollars
The recognized monetary unit of the United States is represented by the symbol $.
- Master the essential basics of exchanging currencies and how they apply to global trading practices.
- Ascertain the cost involved in international transactions using a different currency.
Verified Answer
AN
Learning Objectives
- Master the essential basics of exchanging currencies and how they apply to global trading practices.
- Ascertain the cost involved in international transactions using a different currency.