Question
Assume the direct exchange rate on the Euro is $1.3655, and the direct exchange rate on the Pound is $1.6968, what is the cross rate
Assume the direct exchange rate on the Euro is $1.3655, and the direct exchange rate on the Pound is $1.6968, what is the cross rate of the Euro with respect to Pounds. That is, how many pounds equal one euro?
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Short Term Financial Management
Authors: Terry S. Maness, John T. Zietlow
2nd Edition
0030315131, 978-0030315138
