IV. Cross rates A. Define a cross rate and discuss why it is useful. (You will practice the calculation multiple times in homework). B. Complete this problem a CI 1.4 Munich to Moscow. For your post-graduation celebratory trip, you decide to travel from Munich, Germany, to Moscow, Russia. You leave Munich with 15,000 euros (EUR) in your wallet. Wanting to exchange all of them for Russian rubles (RUB), you obtain the following quotes: Spot rate on the dollar/euro cross rate: USD1.0644/EUR Spot rate on the ruble/dollar cross rate: RUB59.468/USD a. What is the Russian ruble/euro cross rate? o b. How many Russian rubles will you obtain for your euros

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