A Currency Trader Observes the Following Quotes in the Spot

question 52

Multiple Choice

A currency trader observes the following quotes in the spot market:
1 U.S.dollar = 1.34 Japanese yen
1 British pound =2.25 Swiss francs
1 British pound =1.65 U.S.dollars
Given this information,how many yen can be purchased for 1 Swiss franc? Do not round the intermediate calculations and round the final answer to four decimal places.

• A) 0.8156
• B) 1.1301
• C) 0.7370
• D) 0.8844
• E) 0.9827

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Definitions:

Clean Energy Technologies

Innovations focused on generating energy through environmentally friendly and renewable resources.

Conventional Thermal Energy

Conventional thermal energy refers to the energy produced by traditional methods of generating heat and power, such as burning fossil fuels, as opposed to renewable energy sources.

Short-termism

An excessive focus on short-term results, even at the expense of long-term interests and objectives.

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The capitalistic system is an economic system characterized by private ownership of the means of production, creation of goods and services for profit, and market-based allocation of resources.