Question
On your post-graduation celebratory trip you decide to travel from Jeddah, Saudi Arabia to Cambridge, Great Britain. You leave Jeddah with 14.8 thousands of SAR
On your post-graduation celebratory trip you decide to travel from Jeddah, Saudi Arabia to Cambridge, Great Britain. You leave Jeddah with 14.8 thousands of SAR in your wallet. Wanting to exchange all of these for pounds, you obtain the following quotes.
Spot rate on the pound/dollar cross rate 0.7291 GBP/USD
Spot rate on the riyal/dollar cross rate: 3.74 SAR/USD
What is the riyal/pound cross rate?
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Understanding The Polish Capital Market From Emerging To Developed
Authors: Marek Dietl, Dariusz Zarzecki
1st Edition
1032286962, 978-1032286969
