Suppose you observe the following exchange rates: 1 = $1.50; 120 = $1.00. Calculate the euro-yuan exchange
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Question:
Suppose you observe the following exchange rates: €1 = $1.50; ¥120 = $1.00. Calculate the euro-yuan exchange rate.
Group of answer choices
a. ¥80 = €1.00
b. €1 = £2.50
c. ¥133.33 = €1.00
d. €1.00 = ¥180
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