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QUESTION 9 In order to calculate a cross exchange rate between currencies X and Y, both X and Y must have a known exchange rate
QUESTION 9 In order to calculate a cross exchange rate between currencies X and Y, both X and Y must have a known exchange rate with a third currency O True O False QUESTION 10 Use the following information to answer the next two questions /C$ 1.40 1.44 1.37 Date 7/2 7/3 1.25 1.16 1.18 The pound (2) depreciated against the euro () from 7/1-7/2 O True O False QUESTION 11 Find the percentage appreciation/depreciation of the Canadian dollar from a British citizen's point of view from 7/2-7/3 O 0486 ? .0511 O-.0511 O -.0486
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