Question
Suppose the exchange rate between US dollars and Japanese Yen is 1 USD = 106.23 JPY and the exchange rate between USD and British Pound
Suppose the exchange rate between US dollars and Japanese Yen is 1 USD = 106.23 JPY and the exchange rate between USD and British Pound Sterling is 1 USD = .82 GBP. What is the cross rate of JPY to Pound Sterling?
A. 150.31 JPY/GBP
B. 129.55 JPY/GBP
C. 84.37 JPY/GBP
D. 87.11 JPY/GBP
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Investments An Introduction
Authors: Herbert B Mayo
9th Edition
324561385, 978-0324561388
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