USD United States Dollar 529 537 EUR Euro 713 723 USD/EUR PES Argentina 200 223 USD/PES NOK Norwegian 72 80 USD/NOK DKK Denmark 80 93 USD/DKK GBP Great Britain 820 857 USD/GBP PES Mexico 34 45 USD/PES CAD Canada 470 483 USD/CAD AUD Australia 450 467 USD/AUD JPY Japan 45 57 USD/JPY The basic formula always works like this: A/B x B/C = C/B. The cross rate should equal the ratio of the two corresponding pairs, therefore, EUR/GBP = EUR/USD divided by GBP/US, just like GBP/CHF = GBP/USD x USD/CHF. CHF is Swiss Franc (Switzerland) Need to complete the cross rate in the table.

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
Problem 1PS
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Complete
Buy Sll
cross rate
USD
United States Dollar 529
537
EUR
Euro
713
723
USD/EUR
PES
Argentina
200 223
USD/PES
NOK Norwegian
72
80
USD/NOK
DKK Denmark
80
93
USD/DKK
GBP
Great Britain
820 857
USD/GBP
PES
Мexico
34
45
USD/PES
CAD
Canada
470
483
USD/CAD
AUD
Australia
450
467
USD/AUD
JPY
Japan
45
57
USD/JPY
The basic formula always works like this: A/B x B/C = C/B.
The cross rate should equal the ratio of the two corresponding pairs, therefore, EUR/GBP = EUR/USD divided by GBP/US, just like GBP/CHF = GBP/USD x USD/CHF.
CHF is Swiss Franc (Switzerland)
Need to complete the cross rate in the table.
Transcribed Image Text:Complete Buy Sll cross rate USD United States Dollar 529 537 EUR Euro 713 723 USD/EUR PES Argentina 200 223 USD/PES NOK Norwegian 72 80 USD/NOK DKK Denmark 80 93 USD/DKK GBP Great Britain 820 857 USD/GBP PES Мexico 34 45 USD/PES CAD Canada 470 483 USD/CAD AUD Australia 450 467 USD/AUD JPY Japan 45 57 USD/JPY The basic formula always works like this: A/B x B/C = C/B. The cross rate should equal the ratio of the two corresponding pairs, therefore, EUR/GBP = EUR/USD divided by GBP/US, just like GBP/CHF = GBP/USD x USD/CHF. CHF is Swiss Franc (Switzerland) Need to complete the cross rate in the table.
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