Suppose the Exchange Rate Between U

question 3

Multiple Choice

Suppose the exchange rate between U.S. dollars and Swiss francs is SF 1.41 = $1.00, and the exchange rate between the U.S. dollar and the euro is $1.00 = 0.64 euros. What is the cross rate of Swiss francs to euros?

• A) 1.9828
• B) 2.2031
• C) 2.4234
• D) 2.6658
• E) 2.9324