Suppose That Currently, 1 British Pound Equals 1

question 17

Multiple Choice

Suppose that 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

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