While You Are Looking for the Spot Exchange Rates for the British

question 69

Multiple Choice

While you are looking for the spot exchange rates for the British pound ( $\le$ ) , the Japanese yen ( $\times$ ) , and the Canadian dollar ($) , you find the following quotes: $\le$ 0.4230 = $1 and $\times$ 84.26 = $1. What is the cross-rate for British pound per Japanese yen ( $\le$ / $\times$ ) ?

• A) 0.0050
• B) 199.19
• C) 0.0119
• D) 109.11
• E) Undetermined

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