The spot rate for the U.S. dollar relative to the Euro is $1.47/€. The spot rate for the U.S. dollar relative to the Canadian dollar is $0.765/C$. What is the cross exchange rate for the C$ and €?
A) C$1.922/€
B) €1.922/C$
C) C$0.5204/€
D) €0.5204/C$
Correct Answer:
Verified
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