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If i had exchanged £20,000 into rubles in January and converted back into pounds in November, paying 2.5% commission for each transaction, how much would I have in pounds, to the nearest penny?
January exchange rate (rubles per pound) = 44.3623
November exchange rate (rubles per pound) = 49.7023
Explain Determination of real rate of return
Would you please define the roles of international financial institutions (e.g. IMF, World Bank, ADB, etc.) and describe how they are employed in global financing operations
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