Suppose the Exchange Rate Between Canadian Dollars and Swiss Francs

question 23

Multiple Choice

Suppose the exchange rate between Canadian dollars and Swiss francs is SF 1.10 = $1.00,and the exchange rate between the Canadian dollar and the euro is $1.00 = 0.68 euros.What is the cross-rate of Swiss francs to euros?

• A)0.43
• B)0.86
• C)1.41
• D)1.62

---

Definitions:

Preoperational Stage

The second stage in Piaget’s scheme, characterized by inflexible and irreversible mental manipulation of symbols.

Cognitive Development

The study of how thinking, problem solving, and intelligence evolve as people age, primarily focusing on childhood developmental stages.

Mental Representations

The mental forms that a real object or event can take.

Objects

Material things that can be seen and touched, often regarded in contrast to concepts, ideas, or feelings that are intangible.