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assume that five years ago a euro was trading at a direct method quotation of $.8767. also assume that recently the indirect method quotation was
assume that five years ago a euro was trading at a direct method quotation of $.8767. also assume that recently the indirect method quotation was .8219 euros U.S. dollar.
A. calculate euro "currency per U.S. dollar" five years ago
B. calculate the " U.S. dollar equivalent" of a euro this year.
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