### Determine the euro-pound exchange rate

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A German firm is attempting to determine the euro/pound exchange rate and has the following exchange rate information: USD/pound = \$1.5509/£ and the USD/euro rate = \$1.2194/€. Therefore, the euro/pound rate must be: Choose one answer.

 a. £1.2719/€. b. €1.2719/£. c. €0.7316/£. d. €0.7863/£.

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