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Assume the following exchange rates: Quoted Price Value of Canadian dollar in U.S. dollars $.94 Value of New Zealand dollar in U.S. dollars $.30 Value
Assume the following exchange rates: Quoted Price Value of Canadian dollar in U.S. dollars $.94 Value of New Zealand dollar in U.S. dollars $.30 Value of Canadian dollar in New Zealand dollars NZ$3.10 The actual cross rate between Canadian dollar and New Zealand dollar is _______, and the implied (calculated) cross rate between Canadian dollar and New Zealand dollar is __________. A. NZ$3.10; NZ$3.13 B. NZ$3.13; NZ$3.15 C. NZ$3.10; NZ$3.15 D. NZ$3.13; NZ$0.313
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