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Suppose you observe the following exchange rates: 1=$1.25 and 1=$2.00. What would be the euro-pound cross exchange rate? 1=1.60 1=0.625 2.50=1 1=2.50
Suppose you observe the following exchange rates: 1=$1.25 and 1=$2.00. What would be the euro-pound cross exchange rate? 1=1.60 1=0.625 2.50=1 1=2.50
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