CIMA BA1 Question Answer
A business based in Country A. agrees to buy a software package from a company based in Country O tor 20.000 Country O dollars 12 months time. At the time of the contract the exchange rate was 1 O dollar (0$) to 1.5 Country A pounds (A£). When payment ism
Rate is O$1 to A£1 4.
What is the exchange rate gain (+) or loss (-) made by the Country A business?
Give your answer to a whole number.
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