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Please answer question 52 Question 51-54 use the following information: We observe the following exchange rates, Bank A: =129.87/$ Bank B: 1.1226/$ Bank C: 0.00865/=
Please answer question 52
Question 51-54 use the following information: We observe the following exchange rates, Bank A: =129.87/$ Bank B: 1.1226/$ Bank C: 0.00865/= Based on the first two quotations what is the cross rate between and ? For the toolbar, press ALT+F10 (PC) or ALT+FN+F10 (Mac). QUESTION 52 Following previous question, which currency is priced higher or lower in Bank C and why? (hint: compare the quote with the cross rate) For the toolbar, press ALT+F10(PC) or ALT+FN+F10 (Mac)Step by Step Solution
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