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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