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How many usd will you be able to recover

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Reference no: EM13262716

You are returning back to the USA after a trip to Argentina. Upon arrival you notice you have an extra 2000 Argentine pesos (ARS) in your wallet. You ask for a quote on the peso at the bank in the airport, and they give you a bid-ask quote of 0.22-0.26 USD/ARS. How many USD will you be able to recover if you trade with this bank?

Reference no: EM13262716

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