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Suppose You Observe the Following Exchange Rates: €1 = $1

Question 17

Multiple Choice

Suppose you observe the following exchange rates: €1 = $1.50; ¥120 = $1.00.Calculate the euro-yen exchange rate.

A) ¥133.33 = €1.00
B) ¥1.00 = €180
C) ¥80 = €1.00
D) €1 = £2.50

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