Question: (Spot exchange rate) Suppose the exchange rate between U.S. dollars and Japanese yen is $1 US =79.3 JPY, and the exchange rate between the U.S.

(Spot exchange rate) Suppose the exchange rate between U.S. dollars and Japanese yen is $1 US

=79.3 JPY, and the exchange rate between the U.S. dollar and the British pound is $1 US = pound 0.56

0.56 GBP. What is the cross rate of Japanese yen to British pounds? (In other words, how many yen are needed to purchase 1 pound?)

1.What is the cross rate of Japanese yen to British pounds is ____ Yen/pound?

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