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Suppose the exchange rate between U.S. dollars and Turkish Lira is TRY 2.48 = $1.00, and the exchange rate between the U.S. dollar and the

Suppose the exchange rate between U.S. dollars and Turkish Lira is TRY 2.48 = $1.00, and the exchange rate between the U.S. dollar and the euro is $1.00 =0.7895 euros . What is the cross-rate of Turkish Lira to euros?

1) 6.5137
2)

3.7695

3) 3.1412
4) 4.5234
5) 5.4280

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