Consider a u. s. importer desiring to purchase merchandise from a dutch exporter invoiced in euros, at a cost of €512,100. the u. s. importer will contact his u. s. bank (where of course he has an account denominated in u. s. dollars) and inquire about the exchange rate, which the bank quotes as €1.0242/$1.00. the importer accepts this price, so his bank will importer's account in the amount of a. debit, $500,000 b. credit, €512,100 c. credit, $500,000 d. debit, €512,100

The importer accepts this price, so his bank will debit the importer's account in the amount of $500,000.

A. debit, $500,000

Explanation:

Bank debit is a bookkeeping term for realization of the reduction of deposits held by bank customers. A bank debit occurs when a bank customer uses the funds in their account, therefore reducing their account balance.

Euros512100  

dólar11,0242euros

         x512100  euros

x=500.000  

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explanation:

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