A German firm is attempting to determine the euro/pound exchange rate and has the following exchange rate information: USD/pound = $1.5509/£ and the USD/euro rate = $1.2194/€. Therefore, the euro/pound rate must be: Choose one answer.
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a. £1.2719/€. |
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b. €1.2719/£. |
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c. €0.7316/£. |
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d. €0.7863/£. |