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Suppose you observe the following exchange rates: 1 = $1.60 and 1 = $2.00. Calculate the euro-pound cross-rate. Multiple Choice 1.3333 = 1.00 1.3333 =

Suppose you observe the following exchange rates: 1 = $1.60 and 1 = $2.00. Calculate the euro-pound cross-rate.

Multiple Choice

1.3333 = 1.00

3.00 = 1

1.25 = 1.00

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