Questions


August 2022 1 3 Report
5) Mang Nicanor has $50.00 US dollars given by his daughter from the United States of
America. He wanted it to be changed with Philippine money. He went to M Bank and
was offered with an exchange rate of P50.67 per US$, while ML Pawnshop offered
him for P50.80. In which establishment will Mang Nicanor get a bigger amount of
money after his $50.00 US dollars is changed to Philippine peso?
A. M Bank B. Local Pawnshop C. none D. a and b

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