You have $1,000 to invest. you are quoted the following: Dollar-euro exchange rate: $1.65 =...
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You have $1,000 to invest. you are quoted the following: Dollar-euro exchange rate: $1.65 = 1.00 Dollar-pound exchange rate: $2.00 = 1.00 If a trader quotes you a cross rate of 1.00 = 1.20 how much money can you make in USD? (Please type your answer below, no currency symbols or commas are necessary.)
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