Multiple Choice
A currency trader observes the following quotes in the spot market:
1 U) S. dollar = 122 Japanese yen
1 British pound = 2.25 Swiss francs
1 British pound = 1.65 U.S. dollars
Given this information, how many yen can be purchased for 1 Swiss franc?
A) 0.8505
B) 0.8723
C) 0.8947
D) 0.9170
E) 0.9400
Correct Answer:
Verified
Correct Answer:
Verified
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