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38. In early 2011, a New Zealand traveler returned from Singapore with SGD7,500 (Singapore
dollars). A foreign exchange dealer provided the traveler with the following quotes:
Ratio
Spot Rates
USD/SGD
1.2600
NZD/USD
0.7670
USD: U.S. Dollar
The amount of New Zealand dollars (NZD) that the traveler would receive for his Singapore
dollars is closest to: