Multiple Choice
Suppose the pound sterling is selling for $1.62 and the buying rate for the Swiss franc is $0.71. Then the £/SFr cross rate is
A) £1 = SFr 0.4383
B) SFr 1 = £2.2817
C) £1 = SFr 2.2817
D) a or b
Correct Answer:
Verified
Correct Answer:
Verified
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