(ST1) Cross Rates Suppose the exchange rate between U.S. dollars and euros is 0.98 = $1.00 and...

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(ST–1)

Cross Rates Suppose the exchange rate between U.S. dollars and euros is €0.98 = $1.00 and the exchange rate between the U.S. dollar and the Canadian dollar is $1.00 = C$1.50.

What is the cross rate of euros to Canadian dollars?

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