What Is the ASK Cross-Exchange Rate for Swiss Francs Priced

$$\begin{array} { | l | c | c | } \hline & { \text { USD equivulent } } \\\hline{ \text { Courtry } } & \text { BIB } & \text { ASK } \\\hline \text { Bwitzerlard (Frarc) CHF } & 0.7648 & 0.7652 \\\hline \text { Euro € } & 1.4000 & 1.4200 \\\hline\end{array}$$ What is the ASK cross-exchange rate for Swiss Francs priced in euro? Hint: Find the price that a currency dealer will take in euro to sell Swiss francs.

A) €0.5386/CHF
B) €0.5389/CHF
C) €0.5463/CHF
D) €0.5466/CHF

Correct Answer:

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