A Currency Trader Observes the Following Quotes in the Spot

question 2

Multiple Choice

A currency trader observes the following quotes in the spot market:
1 U) S. dollar = 122 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?

• A) 0.8505
• B) 0.8723
• C) 0.8947
• D) 0.9170
• E) 0.9400

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Definitions:

Mass Communication

The transmission of messages by a person or group through a device to a large audience.

Push/Pull Capabilities

The ability to influence or direct objects, individuals, or situations using a combination of factors to either attract (pull) or repel (push) them.

New Technologies

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Multinational Media Corporations

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