The dollar-euro exchange rate is $1.25 = €1.00 and the dollar-yen exchange rate is ¥100 = $1.00. What is the euro-yen cross rate?
A) ¥125 = €1.00
B) ¥1.00 = €125
C) ¥1.00 = €0.80
D) None of the above
Correct Answer:
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