Given these two exchange rates, $1 = 11.25 Mexican peso and $1 = €0.7521, compute the cross rate between the Mexican peso and the euro. State this exchange rate in pesos and in euros.
A) 0.0669 euros, 14.9589 pesos
B) 1.3296 euros, 0.0889 pesos
C) 14.9589 euros, 0.0669 pesos
D) 0.0889 euros, 1.3296 pesos
Correct Answer:
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