Exchange rate (cross rate)

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3. Suppose an Austrian schilling is selling for $0.0613 and an Irish punt is selling for $1.0541. What is the exchange rate (cross rate) of the Austrian schilling to the Irish punt? That is, how many Austrian schillings are equal to an Irish punt?

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Solution Summary

The solution calculates the exchange rate (cross rate) of the Austrian schilling to the Irish punt.

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