Calculate the cross rate between the EUR (the euro) and the INR (Indian rupee). Set it up as INR/EUR. The following is a list of available rates: USD 1.17/EUR USD 0.27/SAR SAR 4.38/EUR INR 64.4/USD Options are: EUR 17.388/INR EUR 0.0575/INR INR 75.348/EUR INR 17.388/EUR
Calculate the cross rate between the EUR (the euro) and the INR (Indian rupee). Set it up as INR/EUR. The following is a list of available rates: USD 1.17/EUR USD 0.27/SAR SAR 4.38/EUR INR 64.4/USD Options are: EUR 17.388/INR EUR 0.0575/INR INR 75.348/EUR INR 17.388/EUR
Chapter4: Exchange Rate Determination
Section: Chapter Questions
Problem 1BIC
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Question
Calculate the cross rate between the EUR (the euro) and the INR (Indian rupee). Set it up as INR/EUR. The following is a list of available rates:
USD 1.17/EUR
USD 0.27/SAR
SAR 4.38/EUR
INR 64.4/USD
Options are:
EUR 17.388/INR
EUR 0.0575/INR
INR 75.348/EUR
INR 17.388/EUR
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