- CFA Exams
- CFA Level I Exam
- Topic 2. Economics
- Learning Module 15. Currency Exchange Rates
- Subject 3. Cross-Rate Calculations
CFA Practice Question
If €/$ = 0.7928 and £/$ = 0.5311, then ______.
A. £/€ = 0.2617
B. €/£ = 0.6699
C. €/£ = 1.4928
Explanation: (0.7928)/(0.5311) = 1.4928 = €/£
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