2 points Question 6 A box of candy costs 28.80 Swiss francs in Switzerland and $20 in the United States. Assuming that purchasing power parity (PPP) holds, what is the current exchange rate? Answer 1 U.S. dollar equals 0.69 Swiss francs 1 U.S. dollar equals 0.85 Swiss francs 1 U.S. dollar equals 1.21 Swiss francs 1 U.S. dollar equals 1.29 Swiss francs 1 U.S. dollar equals 1.44 Swiss francs .2 points Question 7 If one Swiss franc can purchase $0.71 U.S. dollars, how many Swiss francs can one U.S. dollar buy? Answer 0.50 0.71 1.00 1.41 2.81 .2 points Question 8 Suppose the exchange rate between U.S. dollars and Swiss francs is SF 1.41 = $1.00, and the exchange rate between the U.S. dollar and the euro is $1.00 = 1.64 euros. What is the cross-rate of Swiss francs to euros? Answer 0.43 0.86 1.41 1.64 2.27