Solved

Suppose the Direct Foreign Exchange Rates in U

Question 21

Multiple Choice

Suppose the direct foreign exchange rates in U.S.dollars are as follows:
1 Swiss franc = $1.0371
1 Swedish krona = $0.1526
-Based on the information given above,how many Swiss francs are required to purchase goods costing $5,000 U.S.?


A) 32,785
B) 5,186
C) 4,821
D) 763

Correct Answer:

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