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T10 EIC 5 (Tutorial)
You are at Changi Airport, flying from Singapore to Melbourne (Australia) and wish to exchange 1,000 SGD (Singapore dollars) into AUD before your flight.
You see two foreign exchange rate dealers who are quoting:
SuperRich Dealer: SGD/AUD 1.2189/1.2194
SuperCheap Dealer: SGD/AUD 1.3189/1.3194
Which dealer should you transact with and how much AUD will you receive?