(6 pts) Assume the Euro was trading at $1.22/1 EUR and the British Pound was trading at $1.31/1 GBP one year ago. Today, the Euro is trading at $1.14/1 EUR and the British Pound is $1.29/1 GBP. 7) What was the cross rate for the Euro in terms of British Pounds one year ago. That is how many British pounds were equivalent to one Euro one year ago? a) What is the cross rate for the Euro in terms of British Pounds today. That is how many British pounds are equivalent to one Euro today? b) By what percentage did the Euro strengthen or weaken relative to the British Pound over the last year? c) Euro (Strengthen or weaken) by