Suppose the Direct Foreign Exchange Rates in U

question 52

Multiple Choice

Suppose the direct foreign exchange rates in U.S.dollars are as follows:
1 Swiss franc = $1.0371
1 Swedish krona = $0.1526
-Based on the information given above,how many U.S.dollars must be paid for a purchase of goods costing 20,000 Swedish krona?

• A)$131,062
• B)$20,742
• C)$19,285
• D)$3.052

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