Suppose that on July 2, 2012, the cross rates for the Singapore and South African currencies were
Question:
Suppose that on July 2, 2012, the cross rates for the Singapore and South African currencies were Singapore dollar (S$) 0.789085/US dollar (US$) and rand 0.122540/US$. What are the cross rates between the two currencies?
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The value for SUS 0789085 and for RandUS is 0122540 Calculate the cro...View the full answer
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Related Book For 
International Economics Theory and Policy
ISBN: 978-0134519579
11th Edition
Authors: Paul R. Krugman, Maurice Obstfeld, Marc Melitz
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