Helen Hawke, CFA, does research about fore

问题单项选择题

Helen Hawke, CFA, does research about foreign exchange market. Hawke gathers the following information about currency spot rates:

Note: CAD/USD exchange rate quote convention is CAD per USD.
CAD=Canadian dollar, USD=U. S. dollar, EUR=euro.
The cross-rate EUR/CAD is closest to:（）

A. 0.7920

B. 1.2154

C. 1.2627

答案

参考答案：C

解析：

EUR/CAD=(EUR/USD)/(CAD/USD)=1.2388/0.9811=1.2627。