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Suppose in London £/$ = 0.5 while in New York £/SF = 0.2. The corresponding cross rate (SF/$) is ?

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Suppose in London £/$ = 0.5 while in New York £/SF = 0.2. The corresponding cross rate (SF/$) is

a. 2.5.

b. 0.4.

c. 0.3.

d. 0.1.

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  1. b. 0.4.

    SF/$ = (£/SF) / (£/$) = 0.2 / 0.5 = 0.4

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