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we assume that x=1 1. Suppose if you pass this course, you will get graduated. As a gift of graduation, your family will provide you

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1. Suppose if you pass this course, you will get graduated. As a gift of graduation, your family will provide you TL x0000. You choose to go to Rio de Janeiro, Brazil by exchanging all the money. Your bank gave you the following quotes to exchange. (25 pts) Spot rate on the lira/dollar TL8.x214/8 0.15x2/R Spot rate on the euro/real Spot rate on the dollar/euro $1.2x23/ a. What is the Brazilian real/Turkish lira cross rate? b. How many reals will you get for your liras

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