Question

Which of the following statements give a valid reason why the currency exchange you plan ahead of time might not be wholly accurate?
I. Currency exchange rates fluctuate, so the actual rates could be different from the planned rates.
II. Many currency exchange services charge a fee, which differs from service to service.
III. Taxes in different countries may cause the amount of money you actually receive to change.
a.
I and II
b.
II and III
c.
III only
d.
I, II, and III



Please select the best answer from the choices provided


A
B
C
D

Answer 1

A

I and II are valid reasons: exchange rates fluctuate and services charge varying fees. Taxes (III) generally do not change the exchanged amount in typical retail currency exchanges.