rhussein41551 rhussein41551

10-01-2024
Business

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Suppose the central rates within the ERM for the French franc and DM are FF 6.90403:ECU 1 and DM 2.05853:ECU 1, respectively. What is the cross-exchange rate between the franc and the mark?
1) 2.05853
2) 6.90403
3) 1.00000
4) Cannot be determined

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