1 when doing currency exchange why is it better to carry, Ask an Expert

Finance

1. When doing currency exchange why is it better to carry the transaction out to 5 or six places rather than round two cents? What am I losing in the transaction? Keep in mind that we are transferring millions of dollars.

2. Identify 2 other areas that we need to be accurate to four or five decimals places and why?

Additional Areas that can have issues with Fractions and Decimal Representation

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Financial Management, Finance

Category:- Financial Management
Reference No.:- M91416179

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