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Suppose that the exchange rate between the US dollar and the British pound is 1.5 (it takes 1.5 dollars to buy a pound). The exchange
Suppose that the exchange rate between the US dollar and the British pound is 1.5 (it takes 1.5 dollars to buy a pound). The exchange rate between the British pound and the euro is 0.5 (it takes half a pound to buy a euro).
Q. What is the exchange rate between the US dollars and the euro?
Q. How many US dollars you need to buy a euro?
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