If the exchange rate quote for the U.S.dollar and the Euro is $1.1234/€ and the exchange rate quote for the U.S.dollar and the Canadian dollar (C$)is $0.7258/C$ then the cross exchange rate between Euros and Canadian dollars is

Question

Quizplus · Accepted Answer

To calculate the cross exchange rate between the Euro and the Canadian dollar you just need to divide one quote by the other.In this case the calculation is ($1.1234/€)/ ($0.7258/€).The U.S.dollar signs cancel out and you are left with C$1.5478/€ for your cross exchange rate.

If the Exchange Rate Quote for the U