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A bank is quoting the following exchange rates against the dollar for the Swiss franc and the Australian dollar SFr/$ = 1.5960-70 A$/$ 1.7225-35
A bank is quoting the following exchange rates against the dollar for the Swiss franc and the Australian dollar SFr/$ = 1.5960-70 A$/$ 1.7225-35 An Australian firm asks the bank for an A$/SFr quote. What cross-rate would the bank quote? (Round your answers to 4 decimal places.) Answer is complete but not entirely correct. Cross-rate Bid Price 1.0786 Ask Price 1.0799
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Business Math
Authors: Cheryl Cleaves, Margie Hobbs, Jeffrey Noble
10th edition
133011208, 978-0321924308, 321924304, 978-0133011203
