1) A bank quotes the following exchange rates (Swiss franc (SFr), Australia dollar (A$), and U.S. dollar ($)):

SFr/$ = 1.5940 50

A$/$ = 1.7205 15

1. You would like to exchange (sell) A$ 1,000,000 for U.S. dollars. How many U.S. dollars will you receive from the bank (for your Australian dollars)
2. You would like to purchase (buy) SFr 10,000,000 using U.S. dollars. How many U.S. dollars must you pay the bank (for the Swiss francs)?
3. An Australian firm asks the bank for an A$/SFr quote. What cross rate would the bank quote?