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Suppose it is January 1980 and the $/DM exchange rate is $.35/DM and the DM/FF exchange rate is DM.31/FF. What is the FF/$ cross rate?
Suppose it is January 1980 and the $/DM exchange rate is $.35/DM and the DM/FF exchange rate is DM.31/FF. What is the FF/$ cross rate?
A.
FF3.226/$
B.
FF1.129/$
C.
FF.886/$
D.
FF9.217/$
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