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(Spot exchange rate) Suppose the exchange rate between U.S. dollars and Japanese yen is $1 US=81.1 JPY, and the exchange rate between the U.S. dollar
(Spot exchange rate) Suppose the exchange rate between U.S. dollars and Japanese yen is $1 US=81.1 JPY, and the exchange rate between the U.S. dollar and the British pound is $1US=0.66 GBP. What is the cross rate of Japanese yen to British pounds? (In other words, how many yen are needed to purchase 1 pound?)
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The cross rate of Japanese yen to British pound is ______ yen/pound
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