Multiple Choice
Suppose the exchange rate between U.S.dollars and Swiss francs is SF 1.41 = $1.00, and the exchange rate between the U.S.dollar and the euro is $1.00 = 1.64 euros.What is the cross-rate of Swiss francs to euros?
A) 0.43
B) 0.86
C) 1.41
D) 1.64
E) 2.27
Correct Answer:
Verified
Correct Answer:
Verified
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