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q3 Assume the direct quote on the euro is 1.23 and the indirect quote on the Swiss franc is .88 . What is the cross-rate

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Assume the direct quote on the euro is 1.23 and the indirect quote on the Swiss franc is .88 . What is the cross-rate for euros in terms of Swiss francs? A. .7154/SF1 B. .9239/SF1 C. None is correct! D. .1.3977/SF1

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