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Business, 27.12.2020 01:00 genyjoannerubiera

CROSS RATE A currency trader observes that in the spot exchange market, 1 U. S. dollar can be exchanged for 3.6 Israeli shekels or for 111 Japanese yen. What is the cross-exchange rate between the yen and the shekel; that is, how many yen would you receive for every shekel exchanged

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CROSS RATE A currency trader observes that in the spot exchange market, 1 U. S. dollar can be exchan...
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