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The dollar-euro exchange rate is $1.00 = 0.8 and the dollar-yen exchange rate is 100 = $1.00. What is the euro-yen cross rate? A. 125
The dollar-euro exchange rate is $1.00 = 0.8 and the dollar-yen exchange rate is 100 = $1.00. What is the euro-yen cross rate?
- A. 125 = 1.00
- B. 1.00 = 0.80
- C. 80.00 = 1.00
- D. 1.00 = 125
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Derivatives Markets
Authors: Robert L. McDonald
2nd Edition
032128030X, 978-0321280305
