Suppose That: What Rate Do You Think a Japanese

question 125

Multiple Choice

Suppose that: What rate do you think a Japanese bank would quote for buying or selling Swiss Francs?

• A)81.01 Yen
• B)83.01 Yen
• C)85.01 Yen
• D)87.01 Yen 1.5231 Swiss Francs per Dollar 123)380 Yen per Dollar Since 123.380 Yen have the same value as 1.5231 Swiss Francs, each franc should be worth: 123.38/1.5231 = 81.01 Yen

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