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Find Out the Cross Rate Between US$ and British Pound

Question 53

Multiple Choice

Find out the cross rate between US$ and British Pound Sterling(£) if the spot rate between British Pound Sterling and Japanese Yen is ¥121/£ and the spot rate between US$ and Japanese Yen is ¥85/$


A) $1.52/£
B) $1.42/£
C) $) 70/£
D) £1.52/$

Correct Answer:

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