Suppose Exchange Rates Between the U

question 65

Multiple Choice

Suppose exchange rates between the U.S. dollar and the Mexican peso is 12.90 peso = $1 and the exchange rate between the U.S. dollar and the euro is $1 = 0.90 euros. What is the cross-rate of the Mexican peso to the euro?

• A) 16.03
• B) 17.21
• C) 15.26
• D) 14.33

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