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Assume you can exchange $1 for either .8031 euro or .6390. What is the cross-rate between the pound and the euro? A) 1.0852/1 B) .7957/1
Assume you can exchange $1 for either .8031 euro or .6390. What is the cross-rate between the pound and the euro?
A) 1.0852/1
B) .7957/1
C) .8356/1
D) 1.5577/1
E) .7519/1
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