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Can you help and explain it 1. (Ch. 3) Cross Exchange Rate. Assume USD 1 is worth 74.315 Argentine Peso (ARS), and USD 1 is

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1. (Ch. 3) Cross Exchange Rate. Assume USD 1 is worth 74.315 Argentine Peso (ARS), and USD 1 is also worth 771.40 Chilean Peso (CLP). What is the definition of the cross rate ARSCLP? ( 4 points) How much is the cross rate ARSCLP? (4 points)

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