According to the latest measures, 1 USD = 147 JPY, 1 EUR = 145.51 JPY, and 1 EUR = 0.95 USD Calculate the shadow price between EUR and JPY

Principles of Economics 2e
2nd Edition
ISBN:9781947172364
Author:Steven A. Greenlaw; David Shapiro
Publisher:Steven A. Greenlaw; David Shapiro
Chapter22: Inflation
Section: Chapter Questions
Problem 7SCQ: Go to this website (http://www.measuringworth.com/ppowerus/) for the Purchasing Power Calculator at...
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According to the latest measures, 1 USD = 147 JPY, 1 EUR = 145.51 JPY, and 1 EUR = 0.95 USD

Calculate the shadow price between EUR and JPY

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