Assume the spot rate for the pound is £.6390 = $1 and for the Canadian dollar is C$1.1417 = $1.What is the £/C$ cross-rate?
A) £.5597/C$1
B) £.6027/C$1
C) £.7295/C$1
D) £.7594/C$1
E) £.7608/C$1
Correct Answer:
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