What Is the BID Cross-Exchange Rate for Swiss Francs Priced

question 18

Multiple Choice

$$\begin{array} { | l | c | c | } \hline & { \text { USD equivulent } } \\\hline { \text { Courtry } } & \text { BIB } & \text { ASK } \\\hline \text { Bwitzerlard (Frarc) CHF } & 0.7648 & 0.7652 \\\hline \text { Euro € } & 1.4000 & 1.4200 \\\hline\end{array}$$ What is the BID cross-exchange rate for Swiss Francs priced in euro? Hint: Find the price that a currency dealer will pay in euro to buy Swiss francs.

• A)€0.5386/CHF
• B)€0.5389/CHF
• C)€0.5463/CHF
• D)€0.5466/CHF

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