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The pound-euro exchange rate is 0.89 = 1.00 and the pound-renminbi exchange rate is RMB 8.70 = 1.00. What is the euro-renminbi cross rate (S(RMB/))?

The pound-euro exchange rate is 0.89 = 1.00 and the pound-renminbi exchange rate is RMB 8.70 = 1.00. What is the euro-renminbi cross rate (S(RMB/))?

a. RMB 7.743 = 1.00

b. RMB 1.00 = 7.743

c. RMB 0.20 = 1.00

d. RMB 1.00 = 0.20

e. None of the above

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