The direct exchange rate of Rupee in the US is 0.4. The direct exchange or Rupee in the UK is 0.25. Calculate the cross rate of the British pound for the US.
The direct exchange rate of Rupee in the US is 0.4. The direct exchange or Rupee in the UK is 0.25. Calculate the cross rate of the British pound for the US.
Economics: Private and Public Choice (MindTap Course List)
16th Edition
ISBN:9781305506725
Author:James D. Gwartney, Richard L. Stroup, Russell S. Sobel, David A. Macpherson
Publisher:James D. Gwartney, Richard L. Stroup, Russell S. Sobel, David A. Macpherson
Chapter19: International Finance And The Foreign Exchange Market
Section: Chapter Questions
Problem 4CQ
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The direct exchange rate of Rupee in the US is 0.4. The direct exchange or Rupee in the UK is 0.25. Calculate the cross rate of the British pound for the US.
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