Currently, 1 British Pound Equals 1

question 49

Multiple Choice

Currently, 1 British pound equals 1.62 U.S. dollars and 1 U.S. dollar equals 1.62 Swiss francs. What is the cross exchange rate between the pound and the franc?

• A) 1 British pound equals 3.2400 Swiss francs
• B) 1 British pound equals 2.6244 Swiss francs
• C) 1 British pound equals 1.8588 Swiss francs
• D) 1 British pound equals 1.0000 Swiss francs
• E) 1 British pound equals 0.3810 Swiss francs

---

Definitions:

Semiannual Interest

Interest calculated and paid twice a year, often related to bonds or loans with fixed interest rates.

Straight-line Method

A technique for computing depreciation or amortization that evenly divides the asset's cost over its expected lifespan.

Bond Liability

An obligation or debt represented by bonds issued by a company, which it is required to repay at a specified time with interest.