Polyolefins such as polyethylene undergo slow degradation when placed in air. Degradation occurs by reactions with atmospheric oxygen that lead to the formation of carbonyl groups (groups containing oxygen), gradual….
what should be the exchange rate for the 2nd conversion to meet my profit target?
My name is Maurice. I have $3,000 in FXCM (Foreign Exchange Market). I am considering converting dollar to Euro now. The rate I apply now (first exchange rate conversion) is 0.9 Euro/$. In the evening, I bet the rate will be favorable to me. Let's assume there are no service fees about this process. If I strongly believe in my speculation, and I want to make at least $200 profit from this process, what should be the exchange rate for the 2nd conversion to meet my profit target? (Rounding: 1/100, e.g. .468 -> .47) Group of answer choices Less than or Equal to .87 Euro/$ Less than or Equal to .84 Euro/$ Less than or Equal to .95 Euro/$ Less than or Equal to .92 Euro/$