Under the Schweser topic review of multinational operations, I came across the following quotes :-
Do these quotes imply that 1 USD = 0.4545 LC, and so on, or do they imply that 1 LC = 0.4545 USD?
To me, it feels like it should be the former, but the solution was MULTIPLYING the LC amount with 0.4545 to arrive at the USD amount, which indicates that it is the latter.
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