Multiple Choice
A currency trader observes the following quotes in the spot market:
1 U.S.dollar = 1.34 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? Do not round the intermediate calculations and round the final answer to four decimal places.
A) 0.8156
B) 1.1301
C) 0.7370
D) 0.8844
E) 0.9827
Correct Answer:
Verified
Correct Answer:
Verified
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