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Suppose you observe the following exchange rates: 1=$1.45 and 1=$1.90. Calculate the euro-pound cross-rate. 3=12.00=11.3103=1.001.3333=1.00

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Suppose you observe the following exchange rates: 1=$1.45 and 1=$1.90. Calculate the euro-pound cross-rate. 3=12.00=11.3103=1.001.3333=1.00

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