Question

Christine lives in Tanzania. She wants to exchange 350000 Tanzanian
Shillings (TZS) into US Dollars (USD).
Bank 1 buys 1 TZS for 0.0005 USD, and sells 1 TZS for 0.0004 USD.
Bank 2 has an exchange rate of 1 TZS = 0.00051 USD, and charges a 1%
commission.
At which bank would you advise Christine to exchange her money?​

Answer 1

Answer:

baNK 2

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Answer 2

Answer:

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