Suppose the Direct Foreign Exchange Rates in U

question 24

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,the indirect exchange rates for the Swiss franc and the Swedish krona (from a U.S.perspective) are

• A)0.9642 Swiss francs and 6.5531 Swedish krona respectively.
• B)1.6893 Swiss francs and 5.2563 Swedish krona respectively.
• C)1.0371 Swiss francs and 0.1527 Swedish krona respectively.
• D)0.8372 Swiss francs and 4.2713 Swedish krona respectively.

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