Multiple Choice
Suppose that 1 British pound currently equals 1.62 U.S. dollars and 1 U.S. dollar equals 1.62 Swiss francs. What is the cross exchange rate between the pound and the franc?
A) 1 british pound equals 3.2400 swiss francs
B) 1 british pound equals 2.6244 swiss francs
C) 1 british pound equals 1.8588 swiss francs
D) 1 british pound equals 1.0000 swiss francs
E) 1 british pound equals 0.3810 swiss francs
Correct Answer:
Verified
Correct Answer:
Verified
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