Question: If the U.S. dollar-British pound exchange rate is $1.50 per pound, and the U.S. dollar-euro rate is $0.90 per euro: a. What is the pound

If the U.S. dollar-British pound exchange rate is $1.50 per pound, and the U.S. dollar-euro rate is $0.90 per euro:

a. What is the pound per euro rate?

b. How could you profit if the pound per euro rate were above the rate you calculated in part a? What if it were lower?

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