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 = 0.64 euro. What is the cross rate of Swiss francs to euros?
A) 1.9828
B) 2.2031
C) 2.4234
D) 2.6658
E) 2.9324
Correct Answer:
Verified
Correct Answer:
Verified
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