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What is the cross rate of euros to Canadian dollars

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Reference no: EM132731991

Problem - Suppose that the exchange rate between U.S. dollars and euros is €0.98 = $1.00 and that the exchange rate between the U.S. dollar and the Canadian dollar is $1.00 = C$1.50. What is the cross rate of euros to Canadian dollars?

Reference no: EM132731991

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