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Suppose it is January 1980 and the $/DM exchange rate is DM1 = $0.36 and the DM/FF exchange rate is FF1 = DM0.39. What is

  1. Suppose it is January 1980 and the $/DM exchange rate is DM1 = $0.36 and the DM/FF exchange rate is FF1 = DM0.39. What is the FF/$ exchange rate?

a.

3.226 French Frank per dollar

b.

4.886 French Frank per dollar

c.

8.129 French Frank per dollar

d.

7.123 French Frank per dollar

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