1. Which will Mrs. Flores choose, the rate offered by the bank or the money changer? Why?
2. If the money changer is located a ride away that will cost her to spend P150, will it still be a better decision to convert the money to the money changer?
3. Is it important that you compare the exchange rates of money changers
SAGOT
1. Money Changer, because it has a higher rate.
2. Exchange rates tell you how much your currency is worth in a foreign currency. Think of it as the price being charged to purchase that currency.
3. It is important to canvass first what are the available exchange near your place
Answers & Comments
Answer:
✏️ PROBLEM SOLVING
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1. Which will Mrs. Flores choose, the rate offered by the bank or the money changer? Why?
2. If the money changer is located a ride away that will cost her to spend P150, will it still be a better decision to convert the money to the money changer?
3. Is it important that you compare the exchange rates of money changers
SAGOT
1. Money Changer, because it has a higher rate.
2. Exchange rates tell you how much your currency is worth in a foreign currency. Think of it as the price being charged to purchase that currency.
3. It is important to canvass first what are the available exchange near your place
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