Today, you can exchange $1 for £0.6211. Last week, £1 was worth $1.6104. How much profit or loss would you now have if you had converted £100 into dollars last week?
A) loss of ₤1.57
B) loss of ₤0.39
C) loss of ₤0.07
D) profit of ₤0.02
E) profit of ₤1.59
Correct Answer:
Verified
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