Using the top lines record the dollar cost of a Euro, the Euro cost of...
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Finance
Using the top lines record the dollar cost of a Euro, the Euro cost of a British Pound, and the British Pound cost of a dollar. Multiply the exchange rates together. What value did you get? What do you think that means? You must calculate the correct value here to reach the conclusion I am looking for. We did not learn the answer in class. Rather I am looking for you to use your financial reasoning skills developed over the course to come up with an answer.
| American Dollar | Euro |
| 1 | 0.82 |
|
|
|
| Euro | British Pound |
| 1 | 0.86 |
|
|
|
| British Pound | American Dollar |
| 1 | 1.41 |
|
|
|
| Exchange Rate Multiplied | 0.998 |
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