P21-2 Using the Cross-Rate [LO1]

Use the information below to answer the questions that follow.

	U.S. $ EQUIVALENT
Poland Zloty (zl)	0.2686
Switzerland Franc (SF)	0.8008

How many dollars can you get with 100 Polish zloty?

a. $26.86

b. $372.30

c. $28.20

d. $25.52

e. $390.92

How many dollars can you get with 100 Swiss francs?

a. $80.08

b. $124.88

c. $84.08

d. $76.08

e. $131.12

What is the cross-rate for Swiss francs in terms of Polish zlotys?

a. 0.3354 SF/zl

b. 2.9814 SF/z

c. 0.3522 SF/z

d. 0.3186 SF/z

e. 3.1305 SF/z

What is the cross-rate for Polish zlotys in terms of Swiss francs?

a. 2.9814 zl/SF

b.0.3354 zl/SF

c. 3.1305 zl/SF

d. 2.8323 zl/SF

e. 0.3522 zl/SF