(Answered) The following rates are quoted for euro in terms of us

Management Studies

The following rates are quoted for euro in terms of US dollar and Australian dollar in New York: $/Euro=1.0750 A$/$=1.0250

(a) What are the implied quote for $ in terms of euro and for A$ in terms of $?

(b) What is the implied cross rate for Euro (cost of buying one Euro) in terms of A$ (A$/Euro)?

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