Multiple Choice
Which one of the following sets of exchange rates shows "cross-rate equality" (or"consistent cross rates") ?
A) 50 Indian rupees = $1; $2 = 1; 25 Indian rupees = 11ef1740_3292_ecfe_8934_e31845226625_TB1413_11 1
B) 1 Indian rupee = 1.5 Pakistani rupees; 50 Pakistani rupees = 1 Singapore
Dollar; 1 Singapore dollar = 75 Indian rupees
C) 2 Swiss francs = $1; 1 Swiss franc = € 11ef1740_5e96_c74f_8934_219db6f455bd_TB1413_11; €1 = $1.50
D) $2 = 11ef1740_7107_b200_8934_c98f271c1260_TB1413_11 1; €1.5 = 11ef1740_7107_b200_8934_c98f271c1260_TB1413_11 1; €1 = $0.75
Correct Answer:

Verified
Correct Answer:
Verified
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