he: Multiple Choice open exchange rate. croce rate

Essentials Of Investments
11th Edition
ISBN:9781260013924
Author:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Publisher:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Chapter1: Investments: Background And Issues
Section: Chapter Questions
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Assume that $1 is equal to £.77 and equal to C$1.32. Based on this, you could say that C$1 is equal to: C$1(£.77/C$1.32) = £.58. The exchange rate of C$1 = £.58 is referred to as the:
Assume that $1 is equal to £.77 and equal to C$1.32. Based on this, you could say that C$1 is equal to: C$1(£.77/C$1.32) = £.58. The exchange rate of C$1= £.58 is referred to
as the:
Multiple Choice
open exchange rate.
cross-rate.
backward rate.
forward rate.
interest rate.
Transcribed Image Text:Assume that $1 is equal to £.77 and equal to C$1.32. Based on this, you could say that C$1 is equal to: C$1(£.77/C$1.32) = £.58. The exchange rate of C$1= £.58 is referred to as the: Multiple Choice open exchange rate. cross-rate. backward rate. forward rate. interest rate.
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