Answer:
If we know the exchange rate between Country A's currency and Country B's currency and we know the exchange rate between Country B's currency and Country C's currency, then we can compute the exchange rate between Country A's currency and Country C's currency. *Real-time data provided by Federal Reserve Economic Data (FRED), Federal Reserve Bank of Saint Louis. In September 2019, the exchange rate between the Japanese yen and the U.S. dollar was \107.54 = $1 and the exchange rate between the British pound and the U.S. dollar was £0.81 = $1. The exchange rate between the yen and the pound was yen per pound. (Enter your response rounded to two decimal places.) The exchange rate between the yen and dollar in October 2019 was ¥108.14 = $1. Compared to the September 2019 exchange rate, the dollar v against the yen. The exchange rate between the pound and dollar in October 2019 was £0.79 = $1. Compared to the September 2019 exchange rate, the dollar against the pound. When the exchange rate between the yen and dollar becomes \108.14 = $1 and the exchange rate between the pound and dollar becomes £0.79 = $1 in October 2019, then, compared to September 2019, the yen has against the pound.