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We observe the following exchange rates, Bank A: Yuan 115.61/euro Bank B: $0.8908/euro Bank C: Yuan 129.87/$ Based on the quotations in Bank B and

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We observe the following exchange rates, Bank A: Yuan 115.61/euro Bank B: $0.8908/euro Bank C: Yuan 129.87/$ Based on the quotations in Bank B and Bank C what is the cross rate between Yuan and euro ? A) euro 0.010644Yuan B) euro 0.009464Yuan C) yuan 114.7882/euro D) Yuan 115.6882/euro

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