Question
A bank is quoting the following exchange rates against the dollar for the Swiss franc and the Australian dollar: SFr/USD = 1.62/8; AUD/USD = 1.81/9.
A bank is quoting the following exchange rates against the dollar for the Swiss franc and the Australian dollar: SFr/USD = 1.62/8; AUD/USD = 1.81/9. A firm asks the bank for an AUD/SFr quote. What cross-rate would the bank quote for the bid price (round up to 4 decimal)?
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Bitcoin A Beginner S Guide
Authors: Benjamin Hart
1st Edition
0578389533, 978-0578389530
