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Suppose that the exchange rate between the U.S. dollar and the British pound is $1.25/. Suppose further that the exchange rate between the U.S. dollar

Suppose that the exchange rate between the U.S. dollar and the British pound is $1.25/. Suppose further that the exchange rate between the U.S. dollar and the Euro is $1.10 per Euro. What is the cross-rate between the British pound and the Euro?

0.880/

1.136/

1.088/

0.962/

1.196/

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