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. (spot exchange rate) Suppose the exchange rate between U.S dollars and Japanese yen is $1 US= 79.1 JPY, and the exchange rate between the
. (spot exchange rate) Suppose the exchange rate between U.S dollars and Japanese yen is $1 US= 79.1 JPY, and the exchange rate between the U.S dollar and the British pound is $1 US=0.64 GBP, What is the cross rate of Japanese yen to British pound? (In other works, how many yen are needed to purchase 1 pound?)
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