Assume you can exchange $1 for either C$1.1417 or ¥118.62.What is the cross-rate between the Canadian dollar and the Japanese yen?
A) C$.009625/¥1
B) C$.003723/¥1
C) C$.004582/¥1
D) C$138.2191/¥1
E) C$135.43/¥1
Correct Answer:
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