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(01). A bank is quoting the following exchange rates against the dollar for the Swiss franc and the Australian dollar: SFr/S-1.5860--70 AS/-1.7025--35 An Australian firm

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(01). A bank is quoting the following exchange rates against the dollar for the Swiss franc and the Australian dollar: SFr/S-1.5860--70 AS/-1.7025--35 An Australian firm asks the bank for a SFr/A$ quote. What cross-rate would the bank quote? The resulting quotation should include ask and bid cross-rate. (From Chapter 05)

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