Suppose you observe the following exchange rates: €1 = $1.25 and £1 = $2.00. Calculate the euro-pound cross-rate.
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Suppose you observe the following exchange rates: €1 = $1.25 and £1 = $2.00. Calculate the euro-pound cross-rate.
Suppose you observe the following exchange rates: €1 = $1.25 and£1 = $2.00. Calculate the euro-pound cross-rate.