Calculate the cross-exchange rate

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Problem: CROSS RATE: A currency trader observes that in the spot exchange, 1 U.S. dollar can be exchanged for 3.58 Israeli shekels or for 109 Japanese yen. What is the cross-exchange rate between the yen and the shekel, that is, how many yen would you receive for every shekel exchanges? Please provide the complete solution of this problem.

Reference no: EM133056526

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