The Japanese Yen exchange rate is *115 = $1, while the British Pound exchange rate is $\le$1 = $2.05.Given this information, calculate the cross-rate in terms of Yen per pound.
A)(*235.75 per $\le$1)
B)(*275.35 per $\le$1)
C)(*56.10 per $\le$1)
D)(*51.60 per $\le$1)

Question

Quizplus · Accepted Answer

To find the cross-rate in terms of Yen per pound, multiply the Yen to Dollar rate (115 Yen = $1) by the Dollar to Pound rate ($2.05 = 1 Pound): 115 * 2.05 = 235.75 Yen per Pound.

The Japanese Yen Exchange Rate Is *115 = $1, While ≤\le≤

The Japanese Yen Exchange Rate Is *115 = $1, While $\le$