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A currency trader observes that in the spot exchange market,

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A currency trader observes that in the spot exchange market, 1 USD can be exchanged for 9 Mexican pesos or for 111.23 Japanese yen. What is the cross rate between the yen and the peso; that is, how many yen would you receive for every peso eschanged?
Submitted: 7 years ago.
Category: Homework
Expert:  Manal Elkhoshkhany replied 7 years ago.
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