Calculate the exchange rate

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The exchange rate for Estonia is 14 krooni per dollar. The exchange rate for Uruguay is 10 pesos per U.S. dollar. First, recalculate both of these exchangers in terms of how many U.S. dollars per unit of foreign currency. Then calculate the exchange rate between Estonian krooni and Uruguayan pesos. (Hint: Because you know how much each is worth in U.S. dollars, it becomes possible to compare them to each other.)

Reference no: EM131083708

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