Suppose a bank customer with euro1000000 wishes to trade
Suppose a bank customer with €1,000,000 wishes to trade out of euro and into Japanese yen. The dollar-euro exchange rate is quoted as $1.60 = €1.00 and the dollar-yen exchange rate is quoted at $1.00 = ¥120. How many yen will the customer get?
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suppose a bank customer with euro1000000 wishes to trade out of euro and into japanese yen the dollar-euro exchange
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