The spot rate for the pound is £0.6789 = $1 and for the Canadian dollar is C$1.2381 = $1. What is the £/C$ cross rate?
A) £0.5483/€1
B) £0.6627/€1
C) £1.0333/€1
D) £1.5090/€1
E) £01.8238/€1
Correct Answer:
Verified
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