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Business, 06.10.2019 07:01 rustalex6045

Consider a u. s. importer desiring to purchase merchandise from a dutch exporter invoiced in euros, at a cost of €512,100. the u. s. importer will contact his u. s. bank (where of course he has an account denominated in u. s. dollars) and inquire about the exchange rate, which the bank quotes as €1.0242/$1.00. the importer accepts this price, so his bank will importer's account in the amount of a. debit, $500,000 b. credit, €512,100 c. credit, $500,000 d. debit, €512,100

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Consider a u. s. importer desiring to purchase merchandise from a dutch exporter invoiced in euros,...
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