Question
Suppose the exchange rate between the US $ and the Swedish krona (SK) was 6.65 krona = $1, and the exchange rate between the US$
Suppose the exchange rate between the US $ and the Swedish krona (SK) was 6.65 krona = $1, and the exchange rate between the US$ and the British Pound is UK1.00 = US$1.65. How many Swedish krona need to be exchanged for one UK Pound?
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Finance And Economics Discussion Series Transaction Costs And Consumption
Authors: United States Federal Reserve Board, Geng Li
1st Edition
1288708548, 9781288708543
