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Suppose the exchange rate between U.S. dollars and British Pounds is $1.00 = 1.75 Pounds and the exchange rate between the U.S. dollar and the
Suppose the exchange rate between U.S. dollars and British Pounds is $1.00 = 1.75 Pounds and the exchange rate between the U.S. dollar and the euro is $1.00 = 1.35 euros. What is the cross rate of the Pound to the euro (GBP/euro)?
A. | 2.36 | |
B. | .77 | |
C. | 1.3 | |
D. | .42 |
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