Estimating the euro-yen cross rate
Problem:
The dollar-euro exchange rate is $1.25 = €1.00 and the dollar-yen exchange rate is ¥100 = $1.00.
Required:
Question: What is the euro-yen cross rate?
Note: Show supporting computations in good form.
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Question: What is the euro-yen cross rate? Note: Show supporting computations in good form.
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