Suppose a US importer purchases merchandise from a Dutch exporter. The dutch goods are invoiced in euros, at a cost of 512,100(EUR). The US importer contacts his US bank and inquires about the exchange rate, which is bank quotes as 1.0242(EUR)/1.00(USD). The US bank has a correspondent banking relationship with a dutch bank. The importer accepts the quoted rate, so the US bank will ____ the importer's account in the amount of ____. (A bank debit (credit) is a withdrawal from (deposit to) an account).
a. debit; 512,100(EUR)
b. credit; 524,493 (USD)
c. credit; 500,000(USD)
d. debit; 500,000(USD)
e. debit; $524,493 (USD)
f. credit; 512,100 (EUR)