Purchase Solution

# cross rate between the pound and the yen

Not what you're looking for?

Suppose the pound trades for 13.0840 pesos and the guilder trades for 4.5070 pesos or 65.4090 yen. What is the cross rate between the pound and the yen, that is, how many pounds will the yen buy?

a. 0.3265 pounds/yen
b. 0.2000 pounds/yen
c. 0.0689 pounds/yen
d. 0.0053 pounds/yen
e. 0.0022 pounds/yen

##### Solution Summary

This solution discusses the cross rate between the Pound and the Yen.

Solution provided by:
###### Education
• MBA, Indian Institute of Finance
• Bsc, Madras University
###### Recent Feedback
• "I've posted a similar question for another course. It's post 657940, and it's a practice problem that I'd like to use for the final exam. Your help will be greatly appreciated. "
• "thank you!"
• "Thank you again Jayant. You are super fast. "
• "Thank you Jayant. You are appreciated. "
• "Again, thank you Jayant. You are wonderful. "

##### Operations Management

This quiz tests a student's knowledge about Operations Management

##### Business Ethics Awareness Strategy

This quiz is designed to assess your current ability for determining the characteristics of ethical behavior. It is essential that leaders, managers, and employees are able to distinguish between positive and negative ethical behavior. The quicker you assess a person's ethical tendency, the awareness empowers you to develop a strategy on how to interact with them.

##### Motivation

This tests some key elements of major motivation theories.

##### Organizational Leadership Quiz

This quiz prepares a person to do well when it comes to studying organizational leadership in their studies.