A Currency Trader Observes the Following Quotes in the Spot

question 38

Multiple Choice

A currency trader observes the following quotes in the spot market: 1 U.S.dollar =1.34 Japanese yen
1 British pound = 2.25 Swiss francs
1 British pound =
1.65 U.S.dollars
Given this information,how many yen can be purchased for 1 Swiss franc? Do not round the intermediate calculations and round the final answer to the nearest whole number.

• A) 0.8156
• B) 1.1301
• C) 0.7370
• D) 0.8844
• E) 0.9827

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Definitions:

Stronger Base

A species with a greater tendency to accept protons compared to another base, often characterized by its higher basicity constant (Kb).

Conjugate Acid

The species formed when a base gains a proton (H+), characterized by the presence of an additional hydrogen compared to the original base.

Conjugate Base

The species that remains after an acid has donated a proton during a chemical reaction.

Acid/Base Reaction

A chemical process involving the transfer of protons (H+) from an acid to a base.