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Assume the exchange rate between the U.S. dollar and the EMU euro is 0.87=$1.00 and the exchange rate between the U.S. dollar and the Canadian
Assume the exchange rate between the U.S. dollar and the EMU euro is 0.87=$1.00 and the exchange rate between the U.S. dollar and the Canadian dollar is $1.00 = C$1.75. What is the cross rate of euros to Canadian dollars ?
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