A currency trader observes that in the spot exchange market


A currency trader observes that in the spot exchange market, one U.S. dollar can be exchanged for 114.35 Japanese yen or for 1.0611 euros. How many euros would you receive for every yen exchanged?

A.) 107.765
B.) 66.506
C.) 0.034
D.) 0.0093
E.) 213.45

 

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Finance Basics: A currency trader observes that in the spot exchange market
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