Solved

Suppose the Direct Foreign Exchange Rates in U

Question 52

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 U.S.dollars must be paid for a purchase of goods costing 20,000 Swedish krona?


A) $131,062
B) $20,742
C) $19,285
D) $3.052

Correct Answer:

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