Multiple Choice
Consider the theoretical cross rate between Swiss francs and Japanese yen on March 10, 2009. The spot exchange rate for the two currencies in American terms was $0.8647 per Swiss franc and $0.0101 per Japanese yen. Which of the below is TRUE?
A) The number of units of yen per unit of Swiss franc is 85.61386 yen per Swiss franc.
B) The number of Swiss francs exchangeable for one Japanese yen is 0.01168.
C) Taking the reciprocal gives the number of Swiss francs exchangeable for one Japanese yen
D) All of these
Correct Answer:
Verified
Correct Answer:
Verified
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