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Suppose the Japanese Yen exchange rate is 106 yen/dollar, and the British pound exchange rate is $1.51 dollars/pound. What is the cross-rate in terms of
Suppose the Japanese Yen exchange rate is 106 yen/dollar, and the British pound exchange rate is $1.51 dollars/pound. What is the cross-rate in terms of yen per pound?
A.) 622 yen per pound
B.) 598 yen per pound
C.) 522 yen per pound
D.) 212 yen per pound
E.) 160 yen per pound
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