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Given These Two Exchange Rates, $1 = 1

Question 21

Multiple Choice

Given these two exchange rates, $1 = 1.32 Australian dollars and $1 = £0.56, compute the cross-rate between the Australian dollar and the pound. State this exchange rate in Australian dollars.


A) A$2.49
B) A$2.36
C) A$2.91
D) A$2.17

Correct Answer:

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