Question
A bank is quoting the following exchange rates against the dollar for the Swiss france and the Australian dollar: SFr/$= 1.5960-70 A$/$=1.7225-35 An Australian firm
A bank is quoting the following exchange rates against the dollar for the Swiss france and the Australian dollar:
SFr/$= 1.5960-70
A$/$=1.7225-35
An Australian firm asks the bank for an A$/SFr bid-ask quotes. What cross-rate would the bank quote?
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Amazon Goldmine How Amazon Can Make You A Millionaire
Authors: Mrs Esther B. Odejimi
1st Edition
1533513406, 978-1533513403
