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Use the following currencies. 1 AVD = 1.36 CHK 1 CHK = 50 DN a) Assuming that AVD is a home currency, find the direct

Use the following currencies. 1 AVD = 1.36 CHK 1 CHK = 50 DN

a) Assuming that AVD is a home currency, find the direct quotation for CHK.

b) Assuming that CHK is a home currency, find the cross exchange rate between AVD and DN (e.g., 1 DN = ? AVD). (5pts)

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