Hampshire Motors Ltd., a British manufacturing company, wants to buy a production machine that isnt available in

Hampshire Motors Ltd., a British manufacturing company, wants to buy a production machine that isn’t available in England. Comparable products are made by an American company and a French firm. The Americans have quoted Hampshire a price of $175,000, while the French want €192,000. How much is each price in British pounds? Calculate a cross rate to state the French quote in pounds. Use the exchange rates inTable

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(per pound) $2.50 Supply Exchange Rate direct) Demand $1.50 Supply and Domand for Pounds in Torms of Dollars S weaker with upward movement on vertical axis) per dollar) 0.67 Supply Exchange Rate Demand 0.40 Supply and Demand for Dollars in Terms of Pounds S stronger with upward movement on vertical axis