Suppose the Direct Foreign Exchange Rates in U

question 14

Multiple Choice

Suppose the direct foreign exchange rates in U.S.dollars are:
1 Singapore dollar = $0.7025
1 Cyprus pound = $2.5132
-Based on the information given above,the indirect exchange rates for the Singapore dollar and the Cyprus Pound (from a U.S.perspective) are:

• A)1.7655 Singapore dollars and 1.4235 Cyprus pounds respectively.
• B)0.2975 Singapore dollars and 1.5132 Cyprus pounds respectively.
• C)2.1622 Singapore dollars and 0.4625 Cyprus pounds respectively.
• D)1.4235 Singapore dollars and 0.3979 Cyprus pounds respectively.

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