The spot rate for the pound is £0.6220 = $1 and for the Canadian dollar is Can$0.9725 = $1.What is the £/Can$ cross-rate?
A) £0.6396/€1
B) £0.6627/€1
C) £1.0333/€1
D) £1.5635/€1
E) £01.8238/€1
Correct Answer:
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