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Calculate the cross rate between (a) the krone and rupee, (b) the rupee and rand, and (c) the rand and krone. (1) Calculate the reciprocal
Calculate the cross rate between (a) the krone and rupee, (b) the rupee and rand, and (c) the rand and krone.
(1) Calculate the reciprocal rates consistent with the following direct rates: (a) USD 1.2502 per EUR, (b) EUR 0.007525 per JPY, (C) JPY 195.17 per GBP, (d) GBP 0.4533 per CHF. (2) The following are equilibrium exchange rates between the U.S. dollar (USD) and the Danish krone (DKK), the Indian rupee (INR), and the South African rand (ZAR): USD 0.1777 per DKK, USD 0.0230 per INR, USD 0.1655 per ZARStep by Step Solution
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