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Consider the three banks that provided the following quotations for the U.S. dollar, Japanese yen and Russian ruble: Quoted Mid Price Citibank Value of a

Consider the three banks that provided the following quotations for the U.S. dollar, Japanese yen and Russian ruble:

Quoted Mid Price

Citibank Value of a Japanese yen in U.S. dollars (/$) $0.0085

JP Morgan Value of a Russian ruble in U.S. dollars (RUB/$) $0.0226

Mizuho Bank Value of a Russian ruble in Japanese yen (RUB/) 2.69

__________________________________________________________________________________________

What is the cross exchange rate between the Russian ruble and Japanese yen?

0.01678

0.03456

0.04568

0.022

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