A) You observe the following exchange rates in the market.
i) $1 = 0.85 euros and 1 krona = $ 0.13. Find the cross-exchange rate between euro and krona, that is, how many euros do you receive for every krona exchanged?
ii) 1 British pound (BP) = $1.12 and 1 euro = $1.04. Find the cross-exchange rate between BP and euro, that is, how many euros do you receive for every BP exchanged?
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Home » Business » A) You observe the following exchange rates in the market. i) $1 = 0.85 euros and 1 krona = $ 0.13. Find the cross-exchange rate between euro and krona, that is, how many euros do you receive for every krona exchanged? ii) 1 British pound (BP) = $1.