2. Find the foreign exchange rate tables in the online versions of The Wall Street Journal (...
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2. Find the foreign exchange rate tables in the online versions of The Wall Street Journal
( www.wsj.com ) or the Financial Times ( www.ft.com ). How many Swiss francs can you buy for $1? How many Hong Kong dollars can you buy? What rate do you think a Swiss bank would quote for buying or selling Hong Kong dollars? Explain what would happen if it quoted a rate that was substantially above your figure.
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