A Currency Trader Observes the Following Quotes in the Spot

question 71

Multiple Choice

A currency trader observes the following quotes in the spot market: 1 U.S.dollar =1.28 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 four decimal places.

• A) 0.8354
• B) 1.1733
• C) 0.9762
• D) 0.9199
• E) 0.9387

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Definitions:

Polarization

The phenomenon in which waves, such as light waves, are restricted to certain directions of vibration, often leading to a division in opinion or a specific orientation of molecules.

Social Loafing

The phenomenon where individuals exert less effort to achieve a goal when they work in a group than when they work alone.

Group Projects

Educational or work-related tasks undertaken by a team of individuals collaborating towards a common goal.

Malingering

Intentional production of false or exaggerated symptoms to achieve external benefits such as avoiding work or obtaining drugs.