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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