26 Using the Cross-rate Use the information in Figure 30.1 to answer the following questions. (a) Which
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26 Using the Cross-rate Use the information in Figure 30.1 to answer the following questions.
(a) Which would you rather have, €100 or £100? Why?
(b) Which would you rather have, 100 Swiss francs (SFr) or 100 Swedish krona (SKr)? Why?
(c) What is the cross-rate for Swiss francs in terms of Swedish krona? For Swedish krona in terms of Swiss francs?
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