Multiple Choice
Suppose the pound sterling is selling for $and the buying rate for the Swiss franc is $0.7Then the £/SFr cross rate is
A) £1 = SFr 0.4383
B) SFr 1 = £2.2817
C) £1 = SFr 2.2817
D) SFr 1 = £1.2817
Correct Answer:
Verified
Correct Answer:
Verified
Related Questions
Q8: Suppose it is 1990 and the spot
Q9: risk that a central bank will not
Q10: _ between a bank and a customer
Q11: Suppose the spot rate and forward rate
Q12: December 3,2001, spot Japanese yen were sold
Q13: Suppose the spot direct quotes for the
Q15: the direct price of the dollar is
Q16: Suppose the following direct quotes are received
Q17: Suppose the direct quote for sterling in
Q18: Suppose the spot direct quotes for the