CROSS RATES Suppose the exchange rate between the U.S. dollar and the EMU euro is 0 75=$1

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CROSS RATES Suppose the exchange rate between the U.S. dollar and the EMU euro is

€0 75=$1 00 and the exchange rate between the U.S. dollar and the Canadian dollar is

$1 00=C$1 02. What is the cross rate of euros to Canadian dollars?

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