Suppose the Exchange Rate of the British Pound Is $1

question 42

Multiple Choice

Suppose the exchange rate of the British pound is $1.75 per pound while the exchange value of the Swiss franc is $0.667 cents per franc.The cross exchange rate between the pound and the franc is:

• A).381 franc per pound
• B)1.167 francs per pound
• C)Cannot determine
• D)2.624 francs per pound

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Definitions:

Silent

Characterized by the absence of sound or the decision not to speak or disclose information.

Subleases

Agreements where the original lessee rents out the leased premises to another party.

Primarily Liable

Refers to the party who bears the initial responsibility for fulfilling an obligation or debt.

Sublease

A legal agreement where a tenant rents out a property they are leasing to another party.