If the Exchange Rate Between Euro and US$ Is $1

question 5

Multiple Choice

If the exchange rate between Euro and US$ is $1.32/€ and the exchange rate between Euro and Swiss Franc is SF1.21/€ then what is the exchange rate between US$ and SF?

• A)$1.09/SF
• B)$1.6/SF
• C)$)626/SF
• D)$)92/SF

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Definitions:

Savings and Loans

Financial institutions traditionally focused on accepting savings deposits and making mortgages and other loans.

Credit Unions

Member-owned financial cooperatives that provide savings, credit, and other financial services to their members with typically favorable interest rates and terms.

Electronic Fund Transfers

The transfer of money from one account to another, conducted electronically, often through computer systems and without the direct hand-off of physical money.

Negotiable Instruments

Financial documents that guarantee the payment of a specific amount of money, either on demand or at a set time, and are transferable from one party to another.