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Country USD equivalent BID ASK Switzerland (Franc) CHF 0.7648 0.7652 Euro 1.4000 1.4200 What is the BID cross-exchange rate for Swiss Francs priced in euro
| Country | USD equivalent | |
|---|---|---|
| BID | ASK | |
| Switzerland (Franc) CHF | 0.7648 | 0.7652 |
| Euro | 1.4000 | 1.4200 |
What is the BID cross-exchange rate for Swiss Francs priced in euro? Hint: Find the price that a currency dealer will pay in euros to buy Swiss francs.
Multiple Choice
0.5386/CHF
0.5389/CHF
0.5463/CHF
0.5466/CHF
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Financial Management For Decision Makers
Authors: Peter Atrill
8th Edition
129213433X, 978-1292134338
