Calculate the following cross exchange rates: a. If exchange rates are S $ = 200$ and S
Question:
Calculate the following cross exchange rates:
a. If exchange rates are S¥∕$ = ¥200∕$ and S$∕SFr = $0.50∕SFr, what is the S¥∕SFr exchange rate?
b. The dollar is trading at S¥∕$ = ¥100∕$ and SSFr∕$ = SFr1.60∕$. What is the yen per franc rate, S0 ¥∕SFr?
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