Multiple Choice
Cross Rate Given these two exchange rates,$1 = 1.3254 Australian dollars and $1 = £0.5233,compute the cross rate between the Australian dollars and the pound.State this exchange rate in Australian dollars and in pounds.
A) A$2.5329, 0.3948 pounds
B) A$0.3948, 2.5329 pounds
C) A$0.3948, 0.6936 pounds
D) A$0.6936, 0.3948 pounds
Correct Answer:
Verified
Correct Answer:
Verified
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