How many usd do you have

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Question - You have just graduated from the University of Texas and are leaving on a celebratory tour to see some friends. You wish to spend USD 2,500 each in Germany, New Zealand, and Great Britain (USD 7,500 in total). Your bank offers you the following bid-ask quotes:

USD/EUR 1.1204-1.1305,

USD/NZD 0.67-0.69, and

USD/GBP 1.90-1.95.

Required - If you return with EUR 850, NZD 1,000, and GBP 750, and the exchange rates are unchanged, how many USD do you have?

Reference no: EM133031037

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