Question
A bank is quoting the following exchange rates against the dollar for the Swiss franc and the Australian dollar: SFr/$ = 1.4964 74 A$/$ =
A bank is quoting the following exchange rates against the dollar for the Swiss franc and the Australian dollar: SFr/$ = 1.4964 74 A$/$ = 1.6225 35 An Australian firm asks the bank for an SFr/A$ quote. What cross-rate would the bank quote?
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Economics Of Money Banking And Financial Markets
Authors: Frederic S. Mishkin
6th Edition
0321113624, 978-0321113627
