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Homework answers / question archive / A bank has quoted the following exchange rates: A$1

A bank has quoted the following exchange rates: A$1

Finance

A bank has quoted the following exchange rates: A$1.21/US$ and €0.60/A$. Which of the following is a correct cross-rate for the above rates?

 

A.

US$0.7260 / €
 

B.

US$1.3774 / €
 

C.

€1.3774 / US$
 

D.

€2.0167 / US$
 

E.

None of the options.

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