Mary will receive 1512.4931 more Yen if she makes her trade on the day with the most favorable exchange rate than that of the least favorable exchange rate.
It is the factor by which currency conversion of two countries is done.
The most Favorable day is Friday because the exchange rate on Friday is the highest.
So, Mary will receive on Friday= 311.75 x 92.7120 x 94/100
Mary will receive on Friday(a)=27168.788 Yen
The least Favorable day is Wednesday because the exchange rate on Wednesday is the least.
So, Mary will receive on Wednesday= 311.75 x 87.5507 x 94/100
So, Mary will receive on Wednesday(b)= 25,656.2949 Yen
Difference between (a) and (b) = 1512.4931 Yen
Hence, Mary will receive 1512.4931 more Yen if she makes her trade on the day with the most favorable exchange rate than if she makes her trade on the day with the least favorable exchange rate.
To get more about the exchange rate visit:
https://brainly.com/question/1366402
