Multiple Choice
Suppose exchange rates 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) 2.27
B) 1.41
C) 1.64
D) 0.43
E) 0.86
Correct Answer:
Verified
Correct Answer:
Verified
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