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Looking at yesterday’s foreign exchange spot market prices in the Wall Street Journal you notice that...

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Finance

Looking at yesterday’s foreign exchange spot market prices inthe Wall Street Journal you notice that 1.5300 U.S. dollars isequal to 1 British pound and that 1 British pound is equal to1.3610 European euros. Under these conditions how many U.S. dollarswould you need to buy 1 euro?

Please show your work so I can learn how you came up with theanswer. Thank you so much.

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