Question
Assume that the CFA franc is worth $. 0.00205 and the Japanese yen is worth $.008. What is the cross rate of the yen with
Assume that the CFA franc is worth $. 0.00205 and the Japanese yen is worth $.008. What is the cross rate of the yen with respect to the CFA franc? That is, how many CFA francs equal a yen? You need to purchase 100,000 yen with CFA francs. How many CFA francs will you need for your purchase? Make sure to show your work.
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Financial Trading And Investing
Authors: John Teall
3rd Edition
0323909558, 978-0323909556
