If the exchange rate is 1 KRW = 0.00085 USD, how many US dollars will you receive after converting 1,000,000 KRW (Korean won) with a 3% transaction fee?

First convert the won at the stated rate: 1,000,000 × 0.00085 = $850. A 3% transaction fee is $850 × 0.03 = $25.50, so subtracting the fee leaves $850 − $25.50 = $824.50. The correct choice is 824.50 USD.

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